–UK BBA: Jun sa Mortgage Approvals 31,747 vs 30,803 May
–UK BBA: Jun sa Remortgage Approvals 24,080 vs 21,967 May
–UK BBA: Jun Value of Loans for House Purchase stg4.595 bln
–UK BBA: Jun Mortgage Approvals Highest Since Jun 2010
LONDON (MNI) – UK June mortgage approvals rose to their highest
levels for a year, according to the latest British Bankers Association
data.
The number of approvals for house purchases in June climbed to
31,747 from 30,803 in May, the highest outturn since the 33,784 recorded
in June 2010.
June remortgaging approvals rose to 24,080 from 21,967 in May.
Mortgage activity is still low by historic standards and the BBA
said “Banks continue to lend for house purchase but the weak mortgage
market is self-evident, although some growth is coming from the
buy-to-let sector to meet demand for rental properties.”
–London Bureau; Tel: +44207862 7491; email: drobinson@marketnews.com
[TOPICS: MABDS$,M$B$$$,MT$$$$]