–UK BBA: Jul SA Mortgage Approvals 33,417 VS 32,123 Jun
–UK BBA: Jul SA Remortgage Approvals 26,043 VS 24,311 Jun
–UK BBA: Jul Value Of Loans For House Purchase Stg4.926 Bln
LONDON (MNI) – July mortgage approvals rose to their highest
levels for 13 months, according to the latest British Bankers’
Association data.
The number of approvals for house purchases in June climbed to
33,417 from 32,123 in June, the highest outturn since the 34,131
recorded in June 2010.
June remortgaging approvals rose to 26,043 from 24,311 in June, the
highest level since November 2010.
Mortgage activity and credit growth is still low by historic
standards.
David Dooks, statistics director at the BBA, said: “Demand
for borrowing from both households and companies continue to be weak,
reflecting the slow growth in the economy.”
–London Bureau; Tel: +44207862 7491; email: drobinson@marketnews.com
[TOPICS: MABDS$,M$B$$$]
