Tuesday, 1 September 2020

UK Mortgage Approvals Jump As Housing Market Bounces Back

Mortgage lending accelerated in July, a latest sign of a post-lockdown bounce-back in the housing market, and consumers returned to borrowing, data from the Bank of England shows. Mortgage approvals jumped to 66,300 from just under 40,000 in June and seven times higher than their coronavirus pandemic low of barely more than 9,000 in May, the data showed. Economists polled by Reuters had expected about 55,000 approvals in July. Read more on the Reuters website.

https://uk.reuters.com/article/us-health-coronavirus-britain-boe/uk-mortgage-approvals-jump-as-housing-market-bounces-back-idUKKBN25S4CV

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