BoE sees property lending Increase in April
The Lending secured on dwellings was up by £0.9 billion in April compare to the average monthly increase of £0.6 billion over the past 6 months.
Gross lending secured on dwellings was £13.0 billion and repayments came to £12.5 billion.
Mortgage approvals for house purchases was 53,740 in April compare to the average of 53,729 over the past 6 months – so very slightly down.
The numer of loan approvals for remortgaging was increased to 30,313 compared to 28,323 which was the average over the previous 6 months.
The number of approvals for other purposes was 12,580 compared to the average of 13,900 over the previous six