UK mortgage lending edges higher

Mortgage lending crept up in April compared with the previous month, according to the Bank of England.

The number of mortgages approved for house purchases increased to 49,871 in April from 49,008 in March, a rise of 2%, the Bank's figures showed.

Meanwhile, UK consumers paid back more than they borrowed in April, with the net level of unsecured credit falling by £136m.

 

Source: BBC News

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