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Debate House Prices
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Mortgage approvals fall 30%
Comments
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chewmylegoff wrote: »Is the issue then that we are comparing advances (CML) with approvals (BOE), neither of which sets of figures include remortgages.
No. Approvals are made in earlier months to that in which the money is drawn down.0 -
Thrugelmir wrote: »No. Approvals are made in earlier months to that in which the money is drawn down.
Yes I understand the difference between an approval and an advanc, but this doesn't really address the question I asked.0 -
chewmylegoff wrote: »Yes I understand the difference between an approval and an advanc, but this doesn't really address the question I asked.
That's why the figures aren't comparable.
For example. I obtain an approval this month - June, and complete my purchase in August or possibly September.0
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