UK mortgage approvals hit 15-month high in April
Bank of England data shows lenders approved 65,945 mortgages in April, surpassing economist forecasts despite rising borrowing costs. While consumer credit grew by 1.859 billion pounds, analysts suggest the housing market may face future headwinds due to shifting sentiment and higher interest rates.
Xurve View
Xurve View
Lenders in the United Kingdom approved 65,945 mortgages in April, the highest volume in 15 months. The figure beat the 62,000 approvals expected by economists and rose from 63,979 in March. Higher borrowing costs linked to the U.S.-Israeli war on Iran are testing the resilience of British households.
