UK Mortgage Approvals Rise Further: BoE

The numbers of loan approvals for house purchase in the UK stood at 50,123 in July, up from 47,891 in June, the Bank of England reported Tuesday. Economists were expecting a level of 50,100 for July.

Loans approved for remortgaging totaled 35,206 in July compared to 35,137 in June. Meanwhile, the number of loans approved for other purposes came in at 27,278, which was lower than in June and below the previous six-month average.

Source: RTTNews