UK BBA: Aug Mortgage Approvals Fall To Lowest Since Apr 09

Discussion in 'Economics' started by ASusilovic, Sep 23, 2010.

  1. –UK BBA: Aug sa Mortgage Approvals 31,767 vs 34,219 Jul
    –UK BBA: Aug sa Remortgage Approvals 23,906 vs 23,022 Jul
    –UK BBA: Aug Value of Loans for House Purchase stg4.683 bln
    –UK BBA: Aug Mortgage Approvals Lowest Since April 2009

    LONDON (MNI) – UK mortgage approvals fell further in August,
    hitting their lowest level since April last year, with demand remaining
    subdued, according to the latest lending report from the British
    Banker’s Association.

    The number of seasonally adjusted mortgage approvals fell to 31,767
    in August from 34,219 in July, the lowest level seen since the 31,206
    recorded last April. The data add to the evidence of a cooling housing

    Remortgage approvals nudged up to 23,906 in August from 23,022 in
    July while the value of mortgage loans in August fell to Stg4.683
    billion from stg5.046 billion in July, hitting the lowest level since
    May 2009.