Mortgage approvals dip in September: e.surv

There was a slight dip in mortgage approvals between August and September, figures from the latest e.surv mortgage monitor have found.

Statistics from the chartered surveyor show that there were 66,185 mortgage approvals in September, on a seasonally adjusted basis, down by 0.6 per cent from August.

However, approvals are well up on September 2016, increasing by 4.7 per cent.

The proportion of approvals from borrowers with small deposits fell though from 20.3 per cent to 19.8 per cent in the on an annual basis in September.

E.surv director Richard Sexton says: “Mortgage approval rates have remained impressively high over the summer months, as buyers take advantage of low mortgage rates and buy a home for the first time or move up the property ladder.

“It is particularly striking when compared to 12 months ago when the market was contracting following the UK’s decision to leave the European Union. A year later and the housing market is back on its feet and motoring along nicely.”


Mortgage approvals up 7.8% in August

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Mortgage approvals tick up in July: Bank of England

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MPs ask FCA for updated list of ‘powers’

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Fit for Work: guidance for employers published

On Friday, the Department for Work and Pensions published its guidance for employers on using the new Fit for Work (FfW) service to help ill employees return to the workplace. It also includes more details on the tax exemption for medical interventions that commenced on 1 January 2015.


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