Market News
UK mortgage lending rises by most since September 2022 - REUTERS
LONDON, Jan 30 (Reuters) - British lenders approved more mortgages than expected in December and net mortgage lending volumes rose by the most in more than two years, according to Bank of England data that echoed other signs of demand in the housing market.
The BoE said on Thursday that lenders approved 66,526 new mortgages for house purchase last month, higher than a median forecast of 65,400 in a Reuters poll of economists and slightly from November's upwardly revised reading.