CML figures show 23% more home loans in June

The trade body says there were 45,000 house purchase loans granted in June, up from 36,500 in May. But, this is still less than half the average number of loans recorded in June over the last seven years. Between April and June, 116,700 house purchase loans were advanced by lenders, a 50% increase from the three months before, but down 22% from the same period last year. The number of remortgage loans also rose month on month, up 13% to 34,000 in June. However, low interest rates dampened the overall demand for remortgaging in Q2 with 96,000 loans advanced, a 21% fall from 122,...