UK Property

UK Property

German inflation slows for first time in two months

UK mortgage approvals fell for the second consecutive month in May, according to data from the Bank of England that reflects the impact of high borrowing costs on the property market.Net mortgage approvals for house purchases fell to 60,000 in May from 60,800 in April and 61,086 in March, new data showed on Monday. Approvals for remortgaging decreased slightly from 29,900 in April to 29,600 in May.  The figure was marginally higher than the 59,900 forecast by economists polled by Reuters, but well below 65,340 in May 2019, before the pandemic...
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