The Bank of England has today revealed mortgage approvals fell again in October – to an eight-month low. According to the Bank, there were 47,185 loans approved in the month – the lowest level since February, albeit in line with expectations of 47,000. The figure is less than half the level reached at the height [...]
This is not surprising, but for those who can get a mortgage now is the time to buy, considering the relatively low house prices that fell once again in November.
BoE: Mortgage approvals continue downward trend
