Monday, June 02, 2008
Mortgage approvals at new low
Posted by David Smith at 09:45 AM
Category: Thoughts and responses

The British Bankers' Association suggested a small increase in mortgage approvals between March and April but the Bank of England's figures have gone the other way, dropping from 63,000 to a new low of 58,000 and suggesting a significant loss of building society market share. The activity numbers for housing continue to plunge, though remortgaging picked up. The details are here