High Street banks approved 74,590 mortgages in July, up from 71,521 in June and ahead of the previous six-month average (69,803), according to the British Bankers’ Association (BBA). House purchase approvals rose to 33,417 following on from June’s 32,123 and ahead of the previous six-month average (30,695). At £151,500, the value of the typical house [...]
equity release
Mortgage approvals remain subdued
Annual growth in UK banks’ net mortgage lending (gross lending with repayments and redemptions stripped out) stood at 2.2% in April, with gross mortgage lending during the month of £7.9 billion. According to the British Bankers’ Association (BBA), gross lending remained stable compared with the recent six-month average but showed a 5% decline compared with [...]
House purchase mortgage approval down 10%
The UK’s High Street banks saw net mortgage lending rise by 2.3% in March (or £0.8 billion), compared with a year earlier, as households remained focused on paying down debt. New mortgage lending held up “fairly well” according to the British Bankers’ Association (BBA) but because of of stronger remortgaging (rather than house purchase) activity. [...]
Remortgaging activity continues revival
The UK’s High Street banks approved 29,991 mortgages for homebuyers in November, down slightly from October’s total of 30,689, according to the British Bankers’ Association (BBA).
The average value of a house-purchase loan rose slightly to £145,000, showing a 1.9% increase on a year earlier.
Remortgaging activity improved, with 27,045 loans sanctioned, compared with 24,785 a month [...]
