https://www.ccrmagazine.com/wp-content/uploads/2022/07/Web-template-138.jpg 555 880 Stephen Kiely http://www.ccrmagazine.com/wp-content/uploads/2018/01/New-web-web-version-300x36.jpg Stephen Kiely2022-07-29 09:25:332022-07-29 09:25:33Comment on the Bank of England money and credit results for June
Comment on the Bank of England money and credit results for June
“The drop in mortgage borrowing by some £2.7 billion heralds the move towards the slower time for house purchases during the summer months.
“However, combined with a drop by 2,000 of approvals for house purchases, these reductions may also reflect a growing nervousness in the market as interest rates rise.
“That said, at £5.3 billion, the level of borrowing still sits above the 12-month, pre-pandemic average up to February 2020 of £4.3 billion.”
Simon Webb, managing director of capital markets and finance at LiveMore Capital