UK Mortgage approvals fell sharply in June, lending yet more weight to the theory of a dip in the UK housing market as the Nationwide index showed UK house prices starting to fall in July
Bank of England data show mortgage approvals for house purchases fell by 3.7 per cent to 47,643. The drop, following a very slight fall last month, appears to set UK mortgage approvals back on a declining trend, after several months of increases in the spring.
