From the TUC

Mortgage approvals down 16 per cent on last year.

22 Apr 2015, by in Uncategorized

The Council of Mortgage Lenders have released figures for February 2015.  Its bad news for would-be home-owners as the number of mortgages approved continues to decline (see CML chart below).

The latest figure of 40,600 approvals is 1 per cent lower than January but a whopping 16 per cent lower than Februarys 2014.

First-time buyers are being  locked out of the housing market by the lack of affordable finance. They are, of course, being driven into private rented accommodation in large numbers. Surprise surprise – the CML also reports that approvals for buy-to-let morgages has increased by 11 per cent during the past year.

 

CML 14_04_2015-house-purchase-february-2015

Source: CML http://www.cml.org.uk/cml/media/press/4183

 

 

 

One Response to Mortgage approvals down 16 per cent on last year.

  1. Jayne Linney
    Apr 23rd 2015, 5:43 am

    SO WHO benefits from #Tory #Housing #Policies? NOT the 99%!!