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Bba Mortgage Approval Data

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Today's mortgage approvals data from the British Bankers' Association suggests that when the BoE publishes its data for September (on Monday), it will show that there were a total of 107,000 mortgage approvals made for house purchase in the month (no change from August).

The increase in the level of approvals since the beginning of the year supports the view that a reasonably strong bounce-back in the rate of house price inflation is likely over the next few months.

So, unfortunately, no crash yet.

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The increase in the level of approvals since the beginning of the year supports the view that a reasonably strong bounce-back in the rate of house price inflation is likely over the next few months.

No, it does not. You have to look at supply and demand. There is still a lot more supply than demand so prices of sales that are agreed are coming down.

The fact that there are more mortgage approvals may actually help speed the crash, because the increased volumes of sales at lower prices will weigh down on the HPI figures.

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No, it does not. You have to look at supply and demand. There is still a lot more supply than demand so prices of sales that are agreed are coming down.

The fact that there are more mortgage approvals may actually help speed the crash, because the increased volumes of sales at lower prices will weigh down on the HPI figures.

Guys the data includes all approvals, re-mortgages included.

"Re-mortgaging reached the highest monthly total since March 2004 and was the main driver for the rise in underlying mortgage lending", the BBA said.

"Two-year fixed rate loans taken during the buoyant period of 2003 were maturing around now and borrowers are seeking out new options"

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No, it does not. You have to look at supply and demand. There is still a lot more supply than demand so prices of sales that are agreed are coming down.

The fact that there are more mortgage approvals may actually help speed the crash, because the increased volumes of sales at lower prices will weigh down on the HPI figures.

Do you have some figures on stock:sales ratio then?

If not, I have agree with CL much as it hurts to do so: mortgage approvals at 107k is a bullish indicator

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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