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LiveMore comment on BOE money and credit data
01 July 2022
Simon Webb, managing director of capital markets and finance at LiveMore, commented: “May saw a healthy rise in mortgage lending from the dip in April’s figures increasing by 76% while gross lending was up by 6% month-on-month. Lenders remain busy as house buyers try to secure mortgages before more increases in base rate occurs while swap rates are also continuing to rise.
“Although approvals for house purchase rose by 100 in May, this was down by 3,200 on the March figure of 69,500. This indicates that we may see mortgage lending falling back especially as we move into the slower summer months for house purchase.”
