Mortgage Approvals Hit Nine-Month High as Borrowing Costs Ease Further

Mortgage approvals hit nine-month high as borrowing costs ease further

Some 65,940 mortgages for house purchases were approved in September, about 1,000 more than in August. Approvals for house purchases rose to a nine-month high in September, as borrowing costs continued to ease and buyers shrugged off concerns about a potential property tax overhaul. Some 65,940 mortgages for house purchases were approved in September, about 1,000 more than in August. It comes as the “effective” interest rate, referring to actual…

Mortgage lending highest since March amid pre-Budget rush

Net borrowing of mortgage debt rose to the highest level since March this year, money and credit statistics published by the Bank of England have shown, in signs that Brits are rushing to buy homes before any new property taxes are announced at the Budget. Net borrowing rose by £1.2bn to £5.5bn while mortgage approvals for house purchases also inched up in September to 65,900, continuing a trend of increases this year. The figures indicate that …

Mortgage borrowing hits six-month high as approvals rise: BoE

Household mortgage debt borrowing rose by £1.2bn to £5.5bn in September, the highest for six months, Bank of England data shows.   This figure is the largest amount since March, when net borrowing hit £13.2bn, according to the Bank’s latest Money and Credit report. House… The post Mortgage borrowing hits six-month high as approvals rise: BoE   appeared first on Mortgage Finance Gazette.

Mortgage approvals climb despite caution ahead of Budget

The number of mortgages approved increased by 1,000 in September despite a cautious mood ahead of the November Budget. The post Mortgage approvals climb despite caution ahead of Budget appeared first on what MORTGAGE.

Mortgage approvals rise in September, defying pre-Budget jitters – BoE

The number of mortgages approved for house purchase in September rose by around 1,000 to 65,900, indicating continued buyer demand, the central bank found. The post Mortgage approvals rise in September, defying pre-Budget jitters – BoE appeared first on Mortgage Solutions.

Positive rise in house purchase activity in September - BOE Money and Credit data