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5/4, 10:31 AM (Source: TeleTrader)
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UK mortgage approvals slide to 82,700 in March

The number of approvals for mortgages for house purchase in the United Kingdom decreased by 5,000 month on month to land at 82,700 in March, missing the analysts' estimates, data released by the Bank of England (BoE) unveiled on Tuesday.

The approvals for remortgages climbed slightly since February, from 34,300 to 34,800. Net mortgage was the highest since April 1993 at £11.8 billion, while consumer credits continued their downward trend, standing at £0.5 billion.

Private non-financial companies borrowed a total of £2.1 billion in March, with small and medium-sized businesses acquiring £0.7 billion and large businesses £1.4 billion.

Breaking the News / BU