UK mortgage approvals fall to lowest since 2009, excluding pandemic

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, March 1 (Reuters) - British lenders approved the lowest number of mortgages in January since 2009, excluding a slump at the start of the COVID-19 pandemic, according to Bank of England data published on Wednesday. A total of 39,637 mortgages for house purchase were approved, down from an upwardly revised 40,540 in December. A Reuters poll of economists had pointed to around 38,000 approvals in January. (Reporting by William Schomberg; writing by David Milliken)

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