Mortgage approvals for house purchases jumped to a 16-month high in July according to BOE

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

 

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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