Mortgage approval rates hit 80%

The August Trends in Lending report from the Bank of England reveals the number of available mortgages at over 90% LTV has stayed virtually flat after increases in May and June. Lending data was collected for the report from Barclays, HSBC, Lloyds Banking Group, Nationwide, Santander and Royal Bank of Scotland. Over the last few months, the appetite of these lenders to lend at higher LTVs has not increased. Net mortgage lending advances fell from £1.9bn in June to £1.5bn in July. Gross mortgage lending flows increased in July with lending rising slightly from £9bn to £9.5bn. Howeve...