approvals for house purchase have hit their highest levels since January.
approved 67,086 home loans in October, up 2% on a monthly basis, according to
Bank of England data on mortgage lending.
approvals, which had previously dominated the market, were flat at 49,339.
backs up estimates by banking trade body UK Finance earlier this week that
mortgage lending for house purchase had hit a three-month high.
on the data, Kevin Roberts, director at the Legal and General Mortgage Club,
said: “There’s no doubt that Brexit and the ongoing political uncertainty has
made some buyers and potential sellers act with caution, despite the current
low interest rate environment.
with its growing choice and flexibility, the mortgage market continues to
entice borrowers looking for competitive deals.”
Property Industry Eye