Mortgage lending ticked up in June, according to new figuresMortgage lending was higher last month despite increases in rates for homeowners, according to Bank of England figures. Meanwhile, the number of mortgage approvals for home purchases also rose to 58,200 for the month, compared with 56,600 in May. It comes despite a backdrop of steadily increasing mortgage rates, as the conflict in the Middle East continues to raise concerns over elevated inflation and therefore high interest rates. Mortgage lending was higher last month, figures show (Andrew Matthews/PA)Data from Moneyfacts showed that the average two-year fixed residential mortgage sat at 5.62% on Wednesday, with a five-year at 5.66%. Nathan Emerson, chief executive at Propertymark, said: “The increase in net mortgage approvals for house purchases in June suggests that buyers responded positively to a period of relative economic stability.