January Mortgage Approvals in UK Surpass Expectations with 55.23k Count

Thursday, 29 February 2024, 09:30

The latest data for UK's January mortgage approvals showed a higher figure of 55.23k compared to the expected 52.00k, indicating strong demand in the housing market. Additionally, net consumer credit rose to £1.9 billion driven by increased credit card borrowing. Overall, the report signals positive growth in borrowing activities and mortgage approvals in the UK economy.
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January Mortgage Approvals in UK Surpass Expectations with 55.23k Count

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.


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