Mortgages
- » Buy-to-let
- » Residential
- » Commercial
- » Offshore
- » Portfolio Service
- » Testimonials
- » Press Room
- » Mortgage Calculator
Market News
This news is taken from our monthly market and economic newsletter, London Update.
Issue 46: November 2009
Mortgage Approvals Rise
The latest Bank of England monthly lending figure for house purchases was 56,215, up by 68% on September last year and more than double the November 2008 low. However, the stark drop in mortgage approvals as a result of the credit crunch is starkly demonstrated; all approvals (including remortgages) stood at 110,000 for the month, barely 1/3 of pre-crunch levels.
You can read the full version of London Update online, download the London Update podcast or subscribe to London Update for free to receive your own copy emailed to you each month.
«BACK
Latest from BOE
Current Bank Rate
0.5% - Next due: 05 Aug 10
Current Inflation (CPI)
3.2% - Next due: 17 Aug 10
3-month Sterling LIBOR
0.73344% - 13 July 10
Current Bank Rate
0.5% - Next due: 05 Aug 10
Current Inflation (CPI)
3.2% - Next due: 17 Aug 10
3-month Sterling LIBOR
0.73344% - 13 July 10
