UK mortgage approvals rose in May as the Bank of England kept its £200bn ($297bn) bond stimulus in place to help stoke lending in the economy, preliminary data from the bank showed. The number of loans granted was 51,000, compared with 48,000 in April, according to a sample from the central bank’s panel of six major lenders released in London today.
0 minute readUK May mortgage approvals rise as BOE holds stimulus in place
June 18, 2010, 3:40pm
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio