empty
 
 

2010.07.2905:57:00UTC+00U.K. Mortgage Approvals Drop In June: BoE

The number of loans approved for house purchases in the U.K. in June decreased to 47,643 from 49,461 in May, the Bank of England reported Thursday. The latest level was well below the previous six-month average of 50,036 and the expected 48,800.

Total net lending to individuals rose by GBP 0.6 billion in June. The twelve-month growth rate was unchanged from a revised 0.8% in May. Within the total, net lending secured on dwellings increased by GBP 0.7 billion, which was slightly below the May increase of GBP 0.8 billion. Consensus forecast was for GBP 1 billion increase. Year-on-year, secured lending grew 0.9%.

Consumer credit fell GBP 0.1 billion in June, below the previous six-month average of an increase of GBP 0.2 billion and the May increase of GBP 0.3 billion. On a yearly basis, credit dipped 0.1%.

Copyright(c) 2010 News.com, Inc. All Rights Reserved

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback