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10/29, 10:33 AM (Source: TeleTrader)
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UK mortgage approvals rise to 91,500 in September

Mortgage approvals in the United Kingdom reached 91,500 in September, increasing from 85,500 in August, Bank of England (BoE) stated in a report on Thursday. According to the release, this was the highest number of approvals since September 2007.

Net mortgage borrowing was £4.8 billion in September, up from £3 billion in August. Household and business deposits were strong in September, at £6.8 billion and £2.5 billion respectively. Deposit interest rates remained at "historically low levels," according to the BoE.

Breaking the News / DJ