U.K. mortgage approvals were little changed in November
and net lending was below its recent average, according to the Bank of England.
Approvals were at 65,139 compared with 64,887 in October, the BOE has said. The
figure was higher than economists had forecast. Net mortgage lending amounted
to 3.5 billion pounds, versus the 3.7 billion-pound six-month average. The data
cover the same month the central bank raised interest rates for the first time
in a decade, creating further headwinds for a housing market that has been
losing momentum since the Brexit vote in 2016. Read more on the Bloomberg
website.
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