Mortgage approvals dip despite increase in lending

Mortgage approvals dipped slightly last month but Britons still borrowed more cash to get on the housing ladder, according to new figures.

This represented a slight drop from the 61,300 recorded in March, which had been the highest level since September 2022 amid signs of increased activity in the UK housing market. Meanwhile, consumer credit borrowing decreased to £0.7 billion in April from £1.4 billion, as households spent less on credit cards.This came as households deposited £11.7 billion into ISAs, the highest for the savings account since records began in 1999.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Two major mortgage lenders cut rates ahead of next Bank of England meetMortgage rates have been rising for weeks, but there may be good news for homeowners ahead
Source: i newspaper - 🏆 8. / 89 Read more »

Bad news for mortgage and rent costs after Bank of England decisionThere has been a one-third rise in home repossession since the start of the year
Source: MENnewsdesk - 🏆 23. / 69 Read more »

Mortgage payments are up the most in this New England city over the past 2 yearsMonthly mortgage costs have grown by 45% in Providence, Rhode Island—the most among the 50 largest U.S. cities.
Source: NECN - 🏆 20. / 71 Read more »

Bank of England bond sales blamed for cash shortageUse of a central bank lending facility has shot up after short-term lending rates surged briefly
Source: FT - 🏆 113. / 51 Read more »