UK January mortgage approvals 99.0k vs 98.0k expected

Author: Justin Low | Category: News

Latest data released by the BOE - 1 March 2021

  • Prior 103.4k
  • Net consumer credit -£2.4 billion vs -£2.0 billion expected
  • Prior -£1.0 billion
Slight delay in the release by the source. UK mortgage approvals fall a little in January but are keeping at elevated levels as the housing market boom is still taking hold (but cooling off a little) amid the stamp duty holiday still in place (until 31 March).

Credit conditions are still relatively subdued though as consumer credit growth continues to reflect the sharpest drop on an annual basis (-8.9% y/y).
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