Carney stokes the house price boom

His experience as head of Canada’s central bank has surely taught him he needs to keep a lid on booming house prices before they get out of control

Friday 9 August 2013 at 16:39

The UK housing market scarcely needs any help from Bank of England Governor Mark Carney to recover its stride, to judge by a survey of mortgage loans by estate agent e.surv.

The firm said today that last month was the best July for UK mortgage lending since August 2007 - the peak of the credit boom - with 56,475 approvals granted, a 21% increase compared with a year ago.