The number of mortgages approved for house purchases increased to 52,410 in August, up from 49,644 in July and ahead of the previous six month average of 47,551, Bank of England figures show. Approvals for remortgaging increased to 34,668 (July: 31,652) and approvals for other purposes, such as equity release, stood at 21,084 (July: 20,519), [...]
Financial Policy Committee
Consumer panel comments on Mortgage Market Review
The body that puts forward the consumer’s point of view in the regulation of financial services has outlined six points to be taken into account by the Financial Services Authority in its Mortgage Market Review (MMR). The Review is aimed at correcting some of the mortgage lending practices that contributed to the financial crisis, and [...]
