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UK MORTGAGE APPROVALS RISE BY MOST SINCE NOVEMBER

  • NEWS Desk Global
  • 23 hours ago
  • 1 min read

British lenders last month approved the most mortgages ‌in three months and consumer credit grew at the fastest pace in nearly two years, Bank of England data showed on Monday ahead of a potential hit from higher borrowing costs caused by the Iran war.

The BoE said ​62,584 new mortgages for house purchase were approved in February, up from 60,246 in ​January. Economists polled by Reuters had pointed to 61,250 approvals during the month.

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