Mortgage – UK mortgage approvals leap once more to 13-year excessive
LONDON, Nov 30 (Reuters) – British lenders authorised the best variety of mortgages in over 13 years in October, Bank of England information confirmed on Monday, suggesting no let-up but in a post-coronavirus lockdown bounce-back within the nation’s housing market.
Mortgage approvals for home buy hit 97,532, up from 92,091 in September and better than a median forecast of just below 84,500 in a Reuters ballot of economists.
Web shopper lending fell by 590 million kilos on the month after a barely larger fall a month earlier, representing a 5.6% annual decline in lending, the largest such drop since month-to-month information started in 1994. (Reporting by David Milliken Enhancing by William Schomberg)