Mortgage approvals ticked up a little in October
The BBA last week published a news report in the BBA Voice sectionÿ headlined ‘Confident consumers key to post-referendum economic performance High Street Banking Statistics, October 2016’
In a section of the news report it interestingly states:ÿ Mortgage approvals ticked up a little in October.ÿ There has, however, only been a relatively modest increase in activity since the Bank of England cut rates in August and this is in line with patterns we have seen in previous months. Overall this suggests that patterns in the housing market are more important in driving mortgage borrowing than interest rates . more….
Read the BBA news report in full click here