Belfast Telegraph

Friday 31 October 2014

Mortgage approvals plummet by 17%

The number of mortgages approved for people buying a home dived during January

The number of mortgages approved for people buying a home has dived by 17% during January as the housing market suffered a steep fall in activity, figures have showed.

A total of 48,198 loans were in the pipeline for house purchase during the month, the lowest level since May 2009 and the second consecutive monthly drop, according to the Bank of England.

There was also a fall in total mortgage advances, with gross lending sliding to £10.24 billion, down from £13.53 billion in November.

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting?



Company Profiles


Help & Advice


People on the move