UK mortgage lending increases- Bank of England
Mortgage lending increased after a dip in July but economists suggested the recovery in the housing market may be “losing steam”.
Net mortgage lending – which strips out redemptions and repayments – climbed by £1 billion in August from the previous month to £1.227 trillion, according to the Bank of England.
The figures also suggested that the number of mortgage approvals for those buying a new home remained steady at 52,317 in August, marginally down from 52,404 the previous month.
Numbers remortgaging also fell – but more markedly to 29,000 in August, down from almost 34,000 in July.
Loans Calculators Blog- loans rates blog for news about interest rates- unsecured and secured loans, mortgages, remortgages and refinancing including home loans, equity release and consolidate debt loans.
October 1, 2009
Tags: Bank of England, mortgage calculator, UK loans rates, uk recession Posted in: Uncategorized
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