UK January mortgage approvals 99.0k vs 98.0k expected
Latest data released by the BOE - 1 March 2021
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).
- Prior 103.4k
- Net consumer credit -£2.4 billion vs -£2.0 billion expected
- Prior -£1.0 billion
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).