July sees increase in gross mortgage lending
24 August, 2018
New figures out today show that gross mortgage lending increased by 7.6% in July 2018 to £24.6bn, ahead of August’s base rate rise.
According to UK Finance, mortgage approvals by the main high street banks fell by 0.8% year-on-year, although remortgage approvals actually rose by 2.8%.
Peter Tyler, director at UK Finance, says: “July saw steady growth in gross mortgage lending, driven largely by remortgaging as homeowners locked into attractive deals in anticipation of the recent base rate rise.”
Should you click on any of the links above, you will leave the regulatory site of Censeo. Neither Censeo nor First Complete Ltd is responsible for the accuracy of information contained within the linked site.