Mortgage approvals for house purchase were broadly stable according to BoE
June 30, 2017
Bank of England (BoE) statistical release yesterday 29th June 2017: Money and Credit – May 2017
Lending to individuals: lending secured on dwellings.
Net lending secured on dwellings was £3.5 billion in May, up from the 12-month low of £2.7bn seen in April.
Mortgage approvals for house purchase were broadly stable at 65,202, while approvals for remortgaging increased slightly to 42,955.
Annual growth in consumer credit remained strong at 10.3% in May, although below its peak in November 2016.
Read the BoE Money and Credit – May 2017 statistical report in full click here.
You May Also Enjoy
Housing Insight Report – April 2025
House prices see month-on-month uplift The average UK house price stood at £271,000 in March 2025 (latest figures available). This highlights changes in the average house price year on year to March 2025 for each constituent part of the UK, with Northern Ireland continuing to see the largest growth during this period. Sales volumes within…
Read More 
Thoughts from the Property Industry – National Housing Bank
Thoughts from the Property Industry on the creation of a new National Housing Bank to provide finance to developers of many sizes, to build homes. Nathan Emerson, CEO of Propertymark: “On the face of things, the news of the introduction of the National Housing Bank is much welcome and will inject a desperately needed boost…
Read More 
Planning document will make it easier to ‘green’ new developments
Formal approval has been granted for a planning document to make new developments in Nottingham more environmentally-friendly. Senior councillors on the city council’s Executive Board gave the green light to the Reduction of Carbon in New Development Supplementary Planning Document (Carbon SPD) yesterday afternoon (Tuesday 17 June). SPDs add further detail to policies in Nottingham’s…
Read More 
1.8 Million Rental Homes Still Below The Energy Rating 2028 Target, LandlordBuyer Finds
New analysis by property acquisition specialists LandlordBuyer reveals that over 1.8 million privately rented homes in England still fall short of the government’s proposed minimum energy efficiency standard of EPC rating C, with just three years to go before the 2028 compliance deadline. Using the latest data from the MHCLG and EPC Register, LandlordBuyer found that as…
Read More 
ONS House Price Index – April 2025
The average monthly rate of house price growth in April fell to -2.7%. The average annual rate of house price growth in April was up 3.5% As a result, the average UK house price remains at £265,000. Responding to Sales Nathan Emerson, CEO of Propertymark: “The first half of 2025 has proven very different from…
Read More 
Property Industry response to latest inflation figures
Matt Smith, Rightmove’s mortgage expert: “As the rate of inflation stays above 3%, the expectation is that the Bank of England is set to act cautiously. Anticipation had risen that we may be in line for multiple Base Rate cuts this year at the peak of tariff uncertainty, but as some of these pressures have…
Read More