Economic Indicators

UK mortgage approvals rise to highest since August 2022

4 weeks ago

Less than a minute

2024.11.29 04:57

LONDON (Reuters) – British lenders approved the most mortgages for house purchase since August 2022, but consumer credit growth slowed slightly, Bank of England data showed on Friday.

© Reuters. FILE PHOTO: A drone view shows construction work taking place on new homes at Whitstable Heights in Whitstable, Britain, September 11, 2024. REUTERS/Chris J. Ratcliffe/File Photo

Lenders approved 68,303 mortgages for house purchase last month, up from 66,115 in September. Economists polled by Reuters had forecast 64,500 approvals.

Annual consumer credit growth slowed to 7.3% in October from 7.5% the month before.

4 weeks ago

Less than a minute

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