UK mortgage approvals jump as housing market bounces back
Reuters
Published Sep 01, 2020 04:51AM ET
LONDON (Reuters) - British mortgage lending accelerated more quickly than expected in July, a latest sign of a post-lockdown bounce-back in the housing market, data from the Bank of England showed on Tuesday.
Mortgage approvals jumped to 66,300 from just under 40,000 in June, the data showed.
Economists polled by Reuters had expected about 55,000 approvals.
Consumer borrowing also picked up, increasing by 1.2 billion July, following four months of net repayments.
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Written By: Reuters
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