UK February Mortgage Approvals Exceed Expectations

Tuesday, 2 April 2024, 08:29

The UK saw a significant increase in mortgage approvals for February, surpassing the expected numbers. This positive development indicates a growing confidence in the economy and the housing market. With consumer credit also higher than anticipated, the financial outlook appears promising for the near future.
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UK February Mortgage Approvals Exceed Expectations

UK February Mortgage Approvals Exceed Expectations

This article highlights the latest data on mortgage approvals in the UK for February. The numbers exceeded expectations, showing a positive trend in the housing market.

Key Points:

  • 60.38k mortgage approvals compared to the expected 56.50k
  • Net consumer credit at £ billion, higher than the anticipated £1.6 billion
  • Prior consumer credit stood at £1.9 billion

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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