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UK mortgage approvals jump unexpectedly in August: BoE data Reuters via biedexmarkets.com

UK mortgage approvals jump unexpectedly in August: BoE data By Reuters

© Reuters. FILE PHOTO: A view of the Bank of England in London, Britain, September 28, 2022. REUTERS/Hannah McKay

LONDON (Reuters) – British lenders approved many more mortgages than expected in August, Bank of England data showed on Friday.

Mortgage approvals rose to 74,340 last month, up from 63,740 in July and the highest reading since January.

A Reuters poll of economists had pointed to around 62,000 approvals.

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