January Mortgage Approvals in UK Surpass Expectations with 55.23k Count
Thursday, 29 February 2024, 09:30
UK January Mortgage Approvals Report
The latest report on mortgage approvals in the UK for January revealed a higher figure of 55.23k, exceeding market expectations.
Key Statistics:
- Prior mortgage approvals: 50.46k; revised to 51.51k
- Net consumer credit: £1.9 billion vs expected £1.6 billion
- Individuals repaid £1.1 billion of mortgage debt in January
- Net consumer credit driven by credit card borrowing rose to £0.9 billion
These figures indicate a positive trend in borrowing activities and housing market performance for the UK economy.
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.