Approvals decline by 20% – how will this change in 2015?
House purchase approvals in November 2014 were 20% lower compared to the previous year. Gross mortgage borrowing in November 2014 was £10.1 billion – 5.5% lower than in the same month last year. Despite a slowdown in demand, the overall mortgage stock continues to rise and is 1.6% higher than a year ago. After recovering […]