Mortgage approvals for house purchases jumped to a 16-month high in July according to BOE
August 31, 2017
New Figures – Bankstats (Monetary and Financial Statistics) – July 2017 released yesterday 30th August from the Bank of England (BoE) show mortgage approvals for house purchases jumped to a 16-month high in July
For the month of July some 68,689 mortgages were approved, up from 65,318 in June and a seven-month low of 65,140 in April.
Approvals for remortgaging were up from 44,838 in June to 46,231 in July, taking the total value up to £8.1 billion.
Bankstats (Monetary and Financial Statistics) – July 2017 report from Bank of England click here
You May Also Enjoy
Latest HMRC UK property transactions report
Headline statistics Headline statistics from the latest transactions data include: the provisional seasonally adjusted estimate of the number of UK residential transactions in July 2025 is 95,580, 4% higher than July 2024 and 1% higher than June 2025 the provisional non-seasonally adjusted estimate of the number of UK residential transactions in July 2025 is 101,070,…
Read More New property taxes could be last nail in the coffin for housing investment
A new property tax could prove to be the final “nail in the coffin” for property as an investment, warns Rathbones, one of the UK’s leading wealth managers. According to reports, the Treasury is examining options for property taxes ahead of the Budget – including a levy on homes sold for more than £500,000, the…
Read More Industry reacts as Landlords to be hit with N.I tax
The Government is considering a major change to the way landlords are taxed, with Chancellor Rachel Reeves weighing up plans to apply National Insurance (NI) contributions to rental income as part of her upcoming Autumn Budget. Currently, rental income is subject to income tax but not NI. However, by expanding NI to cover this additional…
Read More Brits Are Flocking to Australia in 2025
The end of summer is always a busy time for international moves, and 2025 is no exception. So far this year, the number of people planning to move abroad has risen by 11% compared to the first half of 2024, according to Compare My Move. What’s changed is where Brits are choosing to go. Australia…
Read More UK reports rising property market momentum
eXp UK reports rising property market momentum as sellers return and more sales are agreed The latest internal data from eXp UK has revealed that housing market momentum is continuing to build, with more homes coming to market and a greater number of sales being agreed. eXp UK analysis is based on the firm’s own…
Read More Homes priced too high take twice as long to sell warns Zoopla
House price growth stabilises over summer months House price growth has slowed over recent months, although this slowdown looks to have stabilised with average house prices 1.3 per cent higher than a year ago Sales agreed are up five per cent on last year, although speculation on possible tax changes may impact homes valued at…
Read More