Mortgage Approvals in the UK Fell in June
Data from the Bank of England showed that approved applications for mortgages in the UK declined more than expected in June. The number of mortgages approved for house purchase decreased to 64.684 in June from 65.109 in May. It was expected, that the figure would drop to 65.000.
The data also showed that consumer lending increased at a slower rate of 1.5 billion pounds after a growth of 1.8 billion pounds in May. The monthly increase was in line with expectations.