27th May 2014

April 2014 figures for the high street banks

Richard Woolhouse, Chief Economist at the BBA said:

“Our figures show that housing market is mixed.  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.

“The amount of borrowing is however still well below the levels we were seeing before the financial crisis.”

Key points:

New mortgages of £12.2 billion, the highest monthly total since August 2008, were some 52% higher than a year ago and reflect increased activity within the housing market.

Business borrowing has contracted by 1.9% over the year to April, though this is an improved picture compared with an annual contraction rate of 5.1% in April last year.


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