Mortgage figures up

Mortgages for house purchase rose again in September, new bank of England figures have shown.

The total of homeowner loans agreed last month was 56,215, compared with the August tally of 52,970 and the six-monthly average of 48,221.

In addition to this, there was a 0.9 billion rise in the total amount of money lent.

The increase in loans for house purchases contrasted with another fall in remortgages, with the number dropping from 28,348 in August to 25,528.

Royal Institution of Chartered Surveyors chief economist Simon Rubinsohn said the news provides reasons for cheer.

He stated: “Data released this morning by the Bank of England provides further evidence that a little more money is now flowing through into the mortgage market.”

The monthly tally of mortgages agreed was the highest since March 2008 and the combined rise in the amount lent over August and September of £2.2 billion was the greatest jump since the start of this year, he noted.

Leave a Reply

Your email address will not be published. Required fields are marked *