UK mortgage approvals increased sharply in June as the housing market reopened after the relaxation of restrictions to curb the spread of the coronavirus, data from the Bank of England showed Wednesday.
The number of mortgages approved in June rose to a three-month high of 40,000 in June from a record low 9,300 in May. Approvals were expected to rise to 33,900. However, the latest figure was below February's pre-Covid level of 73,700.
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