UK mortgage approvals rise amid housing revival
Business lending declines the most on record in June; cheap borrowing costs stoke demand for homes
Add BT as a preferred source
London
UK mortgage approvals rose more than economists' forecast in June in a sign of continued momentum in the housing market. Lending to businesses fell the most on record.
Home-loan approvals climbed to 66,582 from an upwardly revised 64,826 in May, the Bank of England (BOE) said in London on Wednesday. Economists had forecast a figure of 66,000, according to a Bloomberg survey.
TRENDING NOW
Digital Realty, STT GDC among data centre operators awarded 50 MW of new capacity in Singapore
Jardine C&C selling Singapore, Malaysia dealerships to Indonesia’s Chandra Asri for US$221 million gain
When every phone becomes a satellite phone, what happens to Asia’s telcos?
‘How come you’re so young?’: Gen Z couple takes on Singapore’s established bullion dealers
