Mortgage approvals rose to a surprise eight-month high in June, despite rising borrowing costs.
Bank of England data showed net mortgage approvals rose from 51,000 to 54,700 last month but remained below a pre-pandemic average of 66,000.
Andrew Wishart, senior property economist at Capital Economics, said the mortgage lending figures were “a little bit of a surprise” but reflected the delay for rates to feed through to mortgage approvals.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
