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Bank of England sees home loan slowdown

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Net home loan lending rose £300 million in March, a marked slowdown on February’s increase of £1.8 billion, the Bank of England has said today (May 4).

The Bank of England’s lending figures showed that the number of loan approvals for house purchase was higher than February’s result, at 48,901, but lower than the previous six-month average of 54,201.

The three-month annualised growth rate fell to 1.2% in March from 1.5% in February, but the 12-month growth rate was unchanged, at 1%.

Source: Housebuilder

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