Mortgage lending and approvals fell back in June

July 28, 2016

The British Bankers Association (BBA) news article released 26th July headlined ‘June 2016 figures for the High Street Banks’

Dr Rebecca Harding, BBA Chief Economist, said: “This month’s High Street Banking data reflects the uncertainty that was felt ahead of the EU referendum.

“Business borrowing in June dropped for the first time in 2016, signalling that investment decisions were being delayed until after the vote.

“Mortgage lending and approvals also fell back in June but remain above the low levels seen in April following the introduction of the stamp duty surcharge.”

“Overall, business confidence was clearly fragile in anticipation of the outcome of the vote, but these results are not a verdict on the health of the economy post-Brexit. We won’t start to see that data come through until the autumn and any trends before then should not be over-interpreted”

To read the full report from the (BBA) for above 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.

You May Also Enjoy

Breaking News

2026 Predictions for the Auctions Sector

Daniel Gale, Head of Auctions, First for Auctions, part of LRG “As we enter 2026, market conditions are expected to mirror those seen last year. Buyer confidence remains cautious, borrowing costs are still high, and lenders continue to tighten criteria. This ongoing pressure on private treaty sales is driving more sellers towards auction as a…
Read More →
Breaking News

First-time buyer demand edges higher in Q4

The latest research by Yopa has revealed that first-time buyers are beginning to return to the market, encouraged by stabilising interest rates and the base rate cut seen in December, with demand edging higher during the final quarter of the year. Yopa analysed first-time buyer (FTB) demand based on the proportion of homes listed under…
Read More →
Breaking News

Rental price and average salary tracker – December 2025

Seasonal slowdown brings month-on-month rent falls, while affordability pressures remain entrenched Year-on-year trends continue to show only modest movement, with the income required to rent remaining broadly stable across most regions, reinforcing the long-term affordability challenge facing tenants. The most notable shifts in the market are now happening month-on-month, with several regions experiencing sharp short-term…
Read More →
Breaking News

Expectations are high for a booming mortgage market

Moneyfacts UK Mortgage Trends Treasury Report data reveals the falls in mortgage rates during 2025, along with product choice growth, sets a positive stage for the market in 2026. Product choice overall rose month-on-month, to 7,158 options, where year-on-year, there are now 650 more deals available to borrowers. The latest count is the highest since…
Read More →
Breaking News

Homebuyers benefit as 37% of homes see price cut

January sales bring bargain opportunities for homebuyers, but window is already narrowing as market strengthens The latest research by Benham and Reeves has shown that 37% of homes currently listed for sale across England have seen an asking price reduction, meaning homebuyers entering the market this January have a strong chance of securing a bargain.…
Read More →
for sale sign london
Breaking News

Home sellers hit the ground running in 2026

The latest market analysis from GetAgent.co.uk shows that momentum is already starting to build in 2026, as sellers are returning to the market at mass, keen to make their move now that Autumn Budget uncertainty is behind us and buyer confidence has been buoyed by a December base rate reduction. GetAgent analysed current for-sale listings…
Read More →