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U.K. mortgage approvals increased in July from 18-month low

Posted on 31 August 2012

U.K. mortgage approvals rose in July from an 18-month low the previous month when an extra public holiday slowed housing activity.
Lenders granted 47,312 loans to buy homes, compared with 44,124 in June, the Bank of England said today in London. Economists predicted approvals would rise to 47,000, based on the median of 16 estimates in Bloomberg News survey. The total remains below the average for the previous six months of 50,729………………………………………..Full Article: Source


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