According to the Bank of England’s latest figures, mortgage approvals dropped across Britain to a seven-month low during the month of September.
There were 42,581 mortgages approved in the month of August compared with 37,352 mortgage approvals last month. This is the lowest number of approved mortgages since February 2018 and a year on year comparison shows a 10% drop compared with September 2017 mortgage approvals.
In August 2018 the gross mortgage lending figure was £21.5 billion dropping by £3 billion just one month later in September 2018. The number of homeowners looking to remortgage their properties also dropped in September to […] Read more