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.
by RTT Staff Writer
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