In June, UK mortgage approvals remained stable at 59,976, slightly lower than May's 60,134, while household deposits increased by £8.4bn.
Mortgage approvals for UK house purchases remained "broadly stable" in June at 59,976, slightly lower than the 60,134 approvals in May, according to the Bank of England. This stability suggests hopes that interest rates could be reduced, potentially easing pressure on borrowers. Mortgage approvals have been hovering around 60,000 per month, down from around 66,000 before the pandemic. Household deposits with banks and building societies increased by £8.4bn in June, partly due to £3.4bn being added to Individual Savings Accounts (ISAs).
July 29, 2024
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