Tuesday, 23 August 2011

Mortgage lending by banks flat despite return of attractive deals | Mail Online

"Mortgage lending by banks was flat in July despite a return of better rates and the availability higher loan-to-value deals, according to British Bankers' Association figures.

Gross mortgage lending remained at £7.6billion last month, equal to the previous month's lending, according to the British Bankers' Association (BBA), after an 11% plunge between May and June.

Elsewhere, the number of mortgage approvals was up 4% month on month at 74,950, while remortgages increased 7% to 26,043. "

By Mail Online

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