UK Mortgages Fall in April

The number of mortgages being approved by High Street banks has fallen for the third month running.

In April, the number of new loans being approved fell to 42,173, from 45,045 in March, according to the British Bankers’ Association (BBA).

The figures peaked in January, when more than 48,000 loans were approved.

However gross mortgage lending – the total amount of money lent out to home-owners – rose to £12.2bn in April, the highest since August 2008.

“Our figures show that the housing market is mixed,” said Richard Woolhouse, the BBA’s chief economist.

“The value of mortgages taken out in April was the highest for six years. However, looking ahead, mortgage approvals have fallen three months in a row,” he said.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza