2 Min Read
FILE PHOTO: Estate agents’ boards are displayed, amid the spread of the coronavirus disease (COVID-19), in Apsley, Hertfordshire, Britain, October 12, 2020. REUTERS/Matthew Childs
LONDON (Reuters) – British lenders approved the highest number of mortgages since September 2007 last month, unexpectedly extending a post-lockdown surge, but there was a record drop in unsecured lending to consumers, Bank of England data showed on Thursday.
Mortgage approvals for house purchase jumped to 91,454 in September from August’s already-high reading of 85,530, exceeding all forecasts in a Reuters poll of economists that had instead pointed to a decline.
Activity in Britain’s housing market has rebounded sharply since the end of lockdown restrictions and was further fuelled when finance minister Rishi Sunak temporarily suspended property purchase taxes in
Read More At: Article Source