News

UK Mortgage Approvals

The number of mortgages approved for house purchase broke through the 50,000 mark for the first time since April 2008 in July. A total of 50,123 loans were approved for people buying a property, the sixth consecutive monthly increase in The bankl of England figures. Mortgage repayments outstripped new lending for the first time since records began during July, with homeowners repaying £418 million more than was advanced during the month.