Mortgage approvals still subdued in May

The number of mortgage approvals for house purchase fell to just 9,300 in May, 90% below February levels, the Bank of England’s Money and Credit statistics found. Approvals for remortgage also fell by 42% from February to 30,400. Paul Stockwell, chief commercial officer of Gatehouse Bank, said: “The number of mortgage approvals in May is […]

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