The number of mortgages approved for house purchase by banks in the UK rose to a five-month high in May, but net lending to non-financial companies fell further due to weak demand for loans, the British Bankers’ Association said Wednesday. The trade association said the main retail-banking groups approved 36,709 mortgages for house purchase in May, up from 35,964 in April and the highest total since December.
UK mortgage approvals rise as lending to firms weakens
Most Popular Articles
Latest Articles
ICE looks to rethink the mortgage servicing experience
MSP Digital Experience is poised to streamline workflows, enhance efficiencies and simplify the training process for servicing team members