Approvals for house purchase rise to highest level since start of year

There were 66,440 mortgage approvals for house purchase in August, the Bank of England has said.

This was the highest level since January, although the monthly numbers of approvals have changed very little over the last five years.

Remortgaging approvals in August rose sharply in contrast to 53,125 – the highest since last November.

The Bank said that remortgaging was “volatile” while house purchase approvals continued to be in a narrow band of numbers.

x

Email the story to a friend



Comments are closed.

Thank you for signing up to our newsletter, we have sent you an email asking you to confirm your subscription. Additionally if you would like to create a free EYE account which allows you to comment on news stories and manage your email subscriptions please enter a password below.