The number of mortgages approved for house purchase by banks in the UK rose to a five-month high in May, but net lending to non-financial companies fell further due to weak demand for loans, the British Bankers’ Association said Wednesday. The trade association said the main retail-banking groups approved 36,709 mortgages for house purchase in May, up from 35,964 in April and the highest total since December.
UK mortgage approvals rise as lending to firms weakens
Most Popular Articles
Latest Articles
2024 is not the year to cut corners on staging — here’s why
With home prices reaching unprecedented heights and interest rates soaring, the discerning nature of today’s buyers requires all agents to employ every possible advantage. Simply put, cutting corners on staging is a risky move that risks prolonged market presence.