Property loans in UK rise but out look still muted, real estate experts warn

[Nicholas Wallwork]

The residential property market in the UK is still in a fragile state despite the latest figures showing that the number of mortgages improved last month were at their highest since March last year.

Figures from the British Bankers Association show that 35,235 mortgages were approved in June, up from 31,919 the previous month, the BBA said.

The association claimed that the figures reflected the banks’ increased ability to lend and was 65% up on the same month a year earlier. However, the appetite for remortgaging and for borrowing with other loans remained subdued.

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[sarah_9]

Hello,

The condition of market is showing some improvement, but the jerk was so heavy that it is still undergoing through its side effect it will take some time in getting back to its normal phase, lets hope for the best.



Regrds,
sarah_9


Maryland Properties