UK mortgage approvals on the up

British banks approved lending for 40,541 house purchases in June, the highest since September last year and a 2.6% increase on May, according to UK Finance, which also said value of approved loans for house purchases had risen to over £8bn for the first time since February. A 3.4% year-on-year increase in remortgaging, the trade body added, made up for a 4.7% reduction in house purchase lending in June - compared to the same month last year.

City AM (25/07/2018)   Daily Mail (25/07/2018)