Category: Buildings

According to Bank of England figures, mortgage approvals in the month July have beaten their expectations. The number of mortgages approved by UK banks rose to 40,000 last month after May’s record crash to just 9,300. This June figure was well above the 34,000 anticipated by analysts. In reality, even this much-improved figure is still 46 per cent below February’s...

The Managing Director of one of the UK’s growing development finance companies has expressed his optimism that the property market is springing back to life, following the covid-19 break. Sam Howard of Magnet Capital, wrote in an article on their website, “There will undoubtedly be far-reaching economic ramifications but at the moment there is plenty of pent up demand.” During...