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Increase in mortgage debt ‘doesn’t indicate underlying demand’

Bank of England figures reveal net borrowing of mortgage debt by individuals increased to £7.7 billion in June, from £3.3 billion in May, above the previous six month average of £4.9 billion. Net mortgage approvals for house purchases increased to 58,200 in June, from 56,000 in May – below an average of around 61,400 over the previous six months.  The

The exterior sign of the Bank of England building

Increase in mortgage debt ‘doesn’t indicate underlying demand’

Bank of England figures reveal net borrowing of mortgage debt by individuals increased to £7.7 billion in June, from £3.3 billion in May, above the previous six month average of £4.9 billion. Net mortgage approvals for house purchases increased to 58,200 in June, from 56,000 in May – below an average of around 61,400 over the previous six months.  The

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