July British mortgage approvals set another all-time low

LONDON (MarketWatch) — Total British mortgage approvals fell to 33,000 in July from a downwardly revised 35,000 in June, the Bank of England reported Monday, setting another all-time low since the start of the statistical series in 1993. Total net lending to individuals in July increased by 4.3 billion pounds, the central bank said, exceeding the June increase of 4 billion pounds and exceeding market expectations for a rise of 3.8 billion pounds.
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