UK lenders approve fewest mortgages in nearly two years - BoE

UK lenders approve fewest mortgages in nearly two years - BoE
 

British lenders approved the fewest mortgages in nearly two years last month as the housing market continued to slow after June's vote to leave the European Union, raising the chance of an outright fall in prices next year.
House purchases have been falling since the start of the year, buffeted by higher taxation on investment properties as well as the EU vote. Housing market slowdowns have typically heralded future weakness in broader British economic growth.
However, other figures on Thursday suggest that for now consumers are continuing to spend and to borrow heavily, placing the Bank of... read more

 
29 September 2016 in Business, Views: 35
Source: Reuters
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