July saw a 0.9% drop in mortgage approvals for house purchase, partly reversing the gains seen in May and June. Looking ahead, with house prices high and interest rates set to rise further, lending is likely to remain subdued.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services