UK Mortgage Approvals Decline to 56,100 in July
UKPulse Money Desk
UK mortgage approvals for house purchases decreased to 56,100 in July, down from 58,200 in June, according to Bank of England data.
- Mortgage approvals for house purchases fell to 56,100 in July.
- This represents a 3.7% monthly decrease from June's 58,200 approvals.
- The July figure is 15% lower year-on-year and 7.3% below the five-year average.
UK mortgage approvals for house purchases saw a decline in July, reaching 56,100. This figure is a decrease from 58,200 recorded in June, according to data released by the Bank of England.
The monthly fall represents a 3.7% reduction. Compared to the previous year, approvals are down by 15%, and the July total is 7.3% below the five-year average.