–UK BBA: May S.Adj Mortgage Approvals 36,709 Vs 35,964 In April
–UK BBA: May Approvals For Remortgaging 21,229 Vs 21,551 In April
–UK BBA: May Mortgage Approvals Stg5.433bn Vs Stg5.262bn April
LONDON (MNI) – UK mortgage approvals nudged up a little further in
May from April, rising to a new monthly high for 2010 but still well
below late 2009 outturns.
The number of approvals for house purchases in May climbed to
36,709 from 35,964 in April. This compares with the 45,758 seen in
December 2009.
BBA statistics director, David Dooks said:
“The low interest rate environment is resulting in customers
choosing to reduce or pay off borrowing, particularly personal loans,
rather than saving.
“Lending to non-financial companies continues to be slow as demand
for loans remains subdued.”
–London Bureau; Tel: +44207862 7492; email: dthomas@marketnews.com
[TOPICS: MABDS$,M$B$$$,MT$$$$]
