UK mortgage approvals slump in December: Bank of England

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, Jan 31 (Reuters) - British lenders approved far fewer mortgages than expected in December, according to Bank of England data on Tuesday. There were 35,612 mortgages approved last month, compared with 46,186 in November. A Reuters poll of economists had pointed to approvals of around 45,000 in December. Excluding the COVID-19 pandemic, it was the smallest number of approvals since the financial crisis. (Reporting by Andy Bruce; editing by David Milliken)

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