123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Investing---Finance >> View Article

Mortgage Disposal Increases In June In The Uk-00-6839

Profile Picture
By Author: rafalinares
Total Articles: 4393
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Mortgage lending reached a 14 month hight in June but is still far below traditionally normal levels, according to the latest data from the Bank of England.

The Bank says mortgage approvals were up 35.2 per cent on June last year at 47,584 but this figure represented only about half the previous average figure of 93,400 monthly mortgage approvals - a figure established since 1993.

Interest in the real estate market has shown details of recovery in recent months as house prices have fallen and interest rates have remained low.

But questions remain over the stability of house prices and restictive lending criteria still being used by banks. Meanwhile, there is still a great deal of concern over the state of the economy and long term employment figures suggesting increment in mortgage lending will be slow at best.

Responding to today's figures Paul Samter, economist at the Council of Mortgage Lenders, said: "Activity is certainly more positive than at the start of the year. But the outlook is still sluggish, as capacity constraints on the lending industry and continuing deterioration in the labour ...
... market will act as a brake on the pick up."

He added any recovery will be "slow and drawn out".

The Bank of England data also showed an upturn in remortgage activeness.
Of course, the advice of an attorney is always very positive in order to verify a purchase safe.

About the Author:

http://fuerteventuraproperties.net // http://www.abogadotenerife.com

Total Views: 198Word Count: 237See All articles From Author

Add Comment

Investing / Finance Articles

1. The Investor Co - Trade With Confidence
Author: Taramalhotra

2. A Deep Dive Into The Leading Investment Banking Firms In Hyderabad
Author: Verity knowladge solutions

3. Can Foreigners Buy Property In Ajman?
Author: tarek

4. When Will Same Day Loans Online Be Paid Into My Bank Account?
Author: Jockey Ferguson is a financial adviser of Fast Pay

5. The Role Of Exclusive Solar Appointments In Accelerating The Solar Revolution
Author: Shan Tait

6. Wills Vs. Trusts: Key Insights For Effective Estate Planning
Author: Daniel Stewart

7. The Impact Of Financial Institutions Groups On Global Markets
Author: Verity knowladge solutions

8. How Property Investment Professionals Drive Long-term Wealth Creation
Author: Rick Lopez

9. Private Company Registration Bangalore | Company Incorporation
Author: mwseo

10. Ecommerce Loan With Overdraft Facility For Your Business
Author: Tarun

11. Does The Online Application Process For A Short Term Loans Require A Credit Check?
Author: Jockey Ferguson is a financial adviser of Fast Pay

12. The Impact Of Customer Reviews On Solar Appointment Leads
Author: Shan Tait

13. What Happens If You Don’t Use Insurance Money For Repairs?
Author: john

14. How To Earn Money Online Without Investment In Mobile?
Author: john

15. Is It A Good Idea To Give Money To Beggars?
Author: john

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: