The Council of Mortgage Lenders (CML) has reported that in July, 47,400 house purchase loans worth £7.1 billion were approved. The figures are similar to June’s but represents a 51% fall in volume and 54% decline in value on July 2007. Remortgages rose by 14% to 85,000 but in value terms were 16% down on June, at [...]
First-time buyer mortgage approvals fall 48%
