Mortgage approvals drop to lowest level since June 2020

By Joey Gardiner2022-01-04T10:49:00

Lending activity returned to pre-pandemic levels in November after bumper 2021

The number of mortgages approved by lenders fell in November to the lowest level since June 2020 in the immediate aftermath of the first coronavirus lockdown.

Bank of England data released today showed that just under 67,000 loans were approved for house purchase in November 2021, a slight drop on the 67,100 recorded in October.

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