The summer holidays hit mortgage approvals for August as the Bank of England revealed total loans to buy a home dropped to 47,372 during the month.
This is down on the July figure of 48,346 and the month-on-month average of 48,619 that had held since February 2010. Continue reading Mortgage lending remains sluggish for August. However, net lending secured on homes was up £1.7 billion, above the previous six-month average of £0.7 billion