Mortgage approvals inch up yet gains to be ‘retracted’

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City AM

Mortgage approvals inch up yet gains to be ‘retracted’

Mortgage approvals rose slightly in June, according to Bank of England data, yet growing fears of a rise in interest rates could set the property market back again. Net mortgage approvals climbed by around three per cent, from 56,565 in May to 58,200 in June. That remained below the six-month average of around 61,400, and [...]