UK mortgage approvals fall to 54.9K in August, sharpest drop in two years, as average mortgage hits record high

UK mortgage approvals fell to 54.9K in August, below the 56.1K forecast and down from 56.1K the previous month — the sharpest fall in two years — while the average mortgage reached a record high. Net lending secured on dwellings was £4.4bn and net consumer credit rose to £2.5bn (9.6% y/y).

Detected & updated continuously · Source: Nebula