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UK mortgage approvals rise amid housing revival

Business lending declines the most on record in June; cheap borrowing costs stoke demand for homes

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Beating economists' forecast of 66,000, home-loan approvals in the UK climbed to 66,582 in June from an upwardly revised 64,826 in May.

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)...

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