UK mortgage approvals drop in July to lowest since January 2024
UK Money and Credit data showed net mortgage approvals for house purchases fell to 56,100 from 58,200 in June, while net mortgage debt borrowing declined to £4.3bn from £7.7bn.
The latest monthly Money and Credit report showed that net mortgage approvals for house purchases declined to 56,100 from 58,200 in June.Net borrowing of mortgage debt fell to £4.3bn in July from £7.7bn the month before.The ‘effective’ interest rate - the actual interest paid - on newly drawn mortg…