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- Mortgages approved in the U.K. for August ticked down from July
Mortgages approved in the U.K. for August ticked down from July
According to Dow Jones, the number of mortgages approved in the U.K. for August ticked down from July, in a further signal that the U.K. housing market has cooled since the nation voted to leave the European Union in June, figures released by the Bank of England. The number of new house loans dropped to 60,058 from 60,925 in July, constituting the lowest monthly mortgage approval figure since November 2014. Economic data releases have been somewhat mixed since the U.K.'s Brexit vote, and this trend continues, with consumer lending, consumer credit, and mortgage lending all higher on the month. Consumer credit, for instance, rises to GBP1.6 billion from July's GBP1.2 billion, outperforming the flat expectations of economists polled by the Wall Street Journal
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