UK home loans fall 90% since start of Covid-19 crisis



UK home loans fall 90% since start of Covid-19 crisis

Figures drop to lowest rate since at least the early 1990s, says Bank of England

The number of new home loans approved in Britain has fallen by 90% since the start of the Covid-19 pandemic to the lowest since at least the early 1990s, the Bank of England has said.

Threadneedle Street’s monthly update on the state of the property market found that despite the reopening of estate agents from the middle of May, the number of mortgage approvals fell to 9,300 from 15,900 in April.

Continue reading…

Source: Guardian

Leave a Reply

Your email address will not be published. Required fields are marked *