FOREX TradingCharts.com

Financial News: UK Mortgage Approvals Rise For First Time This

UK Mortgage Approvals Rise For First Time This Year

06/30/2025 - 08:17:00 (RTTNews)

(RTTNews) - UK mortgage approvals increased for the first time so far this year in May, suggesting an improvement in housing market activity, figures from the Bank of England showed Monday.

The net mortgage approvals for house purchases that indicate future borrowing rose by more-than-expected 2,400 to 63,000 in May. This was the first increase since December 2024 and also exceeded economists' forecast of 61,000. Approvals for remortgaging also increased in May, by 6,200 to 41,500. This was the largest increase since February 2024, data showed.

Net borrowing of mortgage debt by individuals rose by GBP 2.8 billion to GBP 2.1 billion, following a large decrease of GBP 13.8 billion to -GBP 0.8 billion in April. At the same time, gross lending increased to GBP 20.4 billion from GBP 16.9 billion in the previous month. Consumer credit by individuals decreased to GBP 0.9 billion from GBP 1.9 billion in the prior month.

Within overall consumer credit, borrowing through credit cards fell to GBP 0.1 billion from GBP 1.2 billion and that through other forms of consumer credit slid to GBP 0.7 billion from GBP 0.8 billion.

In April, UK businesses made the largest amount of net borrowing since April 2020. Businesses borrowed GBP 8.6 billion compared to GBP 1.2 billion in April.

The annual growth rate of borrowing by large businesses increased to 8.4 percent from 5.9 percent in April. This was the highest expansion since September 2022.

The annual growth rate of borrowing by SMEs increased for the 14th consecutive month, rising to -0.2 percent from -0.8 percent, the BoE said.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2025 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Consumer Sentiment Reaches Five-Month High In July (24 min(s), 09 sec(s) ago)
(RTTNews) - After reporting a substantial rebound by U.S. consumer sentiment in the previous month ...Full Story»

U.S. Housing Starts Rebound More Than Expected In June (25 min(s), 09 sec(s) ago)
(RTTNews) - New residential construction in the U.S. rebounded by more than expected in the month ...Full Story»

U.S. Housing Starts Surge 4.6% In June, More Than Expected (19 min(s), 09 sec(s) ago)
(RTTNews) - New residential construction in the U.S. rebounded by more than expected in the month ...Full Story»

Italy Current Account Surplus Grows In May (16 min(s), 09 sec(s) ago)
(RTTNews) - Italy's current account surplus increased in May from the previous year, the Bank ...Full Story»

Eurozone Construction Output Falls 1.7% (55 min(s), 09 sec(s) ago)
(RTTNews) - Eurozone construction output declined at the fastest pace in nearly two-and-a-half yea ...Full Story»

Eurozone Current Account Surplus Surges (41 min(s), 09 sec(s) ago)
(RTTNews) - The euro area current account surplus increased sharply in May largely due to the rise ...Full Story»

Italy Construction Output Falls 1.4% (01 hr(s), 0 min(s),51 sec(s) ago)
(RTTNews) - Italy's construction output decreased in May after recovering in the previous mont ...Full Story»

Malaysia GDP Growth Improves In Q2 (01 hr(s), 41 min(s), 51 sec(s) ago)
(RTTNews) - Malaysia's economic growth improved in the second quarter driven by strong domesti ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Reaches Five-Month High In July

07/18/2025 - 10:42 AM (RTTNews)
(RTTNews) - After reporting a substantial rebound by U.S. consumer sentiment in the previous month ...Full Story>>

U.S. Housing Starts Rebound More Than Expected In June

07/18/2025 - 09:43 AM (RTTNews)
(RTTNews) - New residential construction in the U.S. rebounded by more than expected in the month ...Full Story>>

U.S. Housing Starts Surge 4.6% In June, More Than Expected

07/18/2025 - 08:37 AM (RTTNews)
(RTTNews) - New residential construction in the U.S. rebounded by more than expected in the month ...Full Story>>

Italy Current Account Surplus Grows In May

07/18/2025 - 06:34 AM (RTTNews)
(RTTNews) - Italy's current account surplus increased in May from the previous year, the Bank ...Full Story>>

Eurozone Construction Output Falls 1.7%

07/18/2025 - 06:13 AM (RTTNews)
(RTTNews) - Eurozone construction output declined at the fastest pace in nearly two-and-a-half yea ...Full Story>>

Do not sell my personal information

Copyright © 2025. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.