Approvals for mortgages for house purchases in the United Kingdom rose more-than-expected in April, data released by the Bank of England revealed Wednesday.
The number of house purchase mortgages approved totaled 51,823, up from an upwardly revised 51,067 in March. Economists had forecast a figure of 50,100. Approvals increased for the second month in a row.
Net consumer credit grew by GBP 0.3 billion, following a GBP 0.7 billion gain in March. Economists were looking for an increase of GBP 0.2 billion.
Total lending to individuals rose by GBP 1.4 billion in April, after growing by GBP 1.7 billion in the previous month. Lending secured on dwellings increased by GBP 1.1 billion, slightly bigger than economists' forecast of a GBP 1 billion gain.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.