Mortgage approvals were 21% lower on the year in August, at a total of 36,997, figures from the British Bankers’ Association showed. On the month, the figure was down 1.8%.
The total is the lowest since January 2015, and indicates a softer housing market, BBA chief economist Rebecca Harding said.
In value terms, mortgage approvals were flat on the month at £6.6bn.
Click here for the full Independent article
