Financial Times FT.com

Home lending stays strong in June

By Scheherazade Daneshkhu, Economics Correspondent

Published: July 30 2007 11:36 | Last updated: July 30 2007 11:36

Mortgage lending remained strong in June but there were still signs of a loss of momentum in the housing market, according to Bank of England figures published on Monday.

The number of approvals for house purchases was 114,000 in June, only slightly below the 115,000 six-month average. Although the June figure was unchanged from May, it was stronger than expectations.

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