UK house prices were down 2.6% in value during November, representing an annual drop of 14.9% since last year according to new figures from the Halifax.
During October, net mortgage lending rose by £2.9 billion; less than in September and below the average for the previous six months according to new figures from the main British banks.
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In July, mortgage lending rose by £4.3 billion; the same as in June according to figures from the British Bankers Association.
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June’s mortgage lending, rising by £3.8 billion, was weaker than in May with a record low number of house purchase approvals, though levels of remortgaging were similar to the previous month, the British Bankers Association has reported.
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May’s mortgage lending was much weaker than April and a record low number of house purchase approvals means the subdued picture will continue.
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April’s mortgage lending was slightly stronger than in March and there were also high numbers of remortgaging loans approved in the month, figures from the main banks have revealed.
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March’s net mortgage lending weakened and all forms of mortgage approvals declined during March according to the latest data from the British Bankers Association.
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January’s mortgage lending strengthened a little and approvals for remortgaging were exceptionally strong, the British Bankers Association has said.
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December’s mortgage lending continued to be relatively weak and approvals were again low according to the latest data from the British Bankers Association.
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November’s mortgage lending rose more slowly than in October and approvals were again low, data from the main banks has shown.
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Mortgage lending rose more slowly than of late and approvals, particularly for house purchase, were significantly lower in October.
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