Latest data released by UK Finance - 27 January 2020
- Prior 43.7k; revised to 44.1k
The data measures only a proportion of the demand in the UK housing market - those which are approved by High Street Banks in the UK.
Headline mortgage approvals jump to its highest level since August 2015, bringing the total number for 2019 to 982,286 (which includes remortgages, other borrowings, etc). That's roughly 7.4% more than in 2018.
The more subdued news though is that consumer credit growth continues to just sit at +4.0% annually, the weakest since April last year. That's no indication that the UK economy is running hot whatsoever towards the end of 2019.
