Mortgage approvals for house purchase were broadly stable according to BoE

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.

 

 

 

 

 

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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