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UK banks approve most mortgages since 2015

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Christian Fernsby ▼ | January 27, 2020
British banks approved the highest number of mortgages in more than four years in December, industry group UK Finance said on Monday, adding to signs of a turnaround in the country’s housing market since last month’s election.
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Mortgage approvals for house purchase hit 46,815 last month on a seasonally adjusted basis, the most since August 2015, according to UK Finance’s data.

Topics: Bank mortgage UK

The value of mortgage lending rose by the most since March 2016, shortly before voters decided to leave the European Union, up by a net 3.773 billion pounds.