The level of
A total of 38,095 homebuyer
Net lending rose by 4.6 per cent over the year, with the increase in the month being £2.8 billion, £0.1 billion above the six-monthly average.
However, the month-month figures for approvals were more static, with the BBA describing the statistic as “steady”.
Analysing the data, Royal Institution of Chartered Surveyors (Rics) economist Brigid O’Leary said this could be down to an unwillingness of banks to raise
At the same time, she noted that a recent Rics survey suggested the supply of property will rise significantly in the coming months.