UK July Mortgage Approvals Rebound From June Low – BBA

-UK BBA: Jul sa Mortgage approvals 28,441 vs 25,940 Jun
-UK BBA Jul sa Remortgage approvals 15,600 vs 14,033 Jun
-UK BBA Jul Net Change in mortgage amount outstanding stg274mn
-BBA Jul Net Change credit card credit stg21mn vs stg212mn Jun

LONDON (MNI) – UK mortgage approvals rebounded in July from their
June low, according to BBA data.

The number of seasonally adjusted mortgage approvals stood at
28,441 in July, up from 25,940 in June. The June outturn was the lowest
since the 22,921 seen back in December 2008 and the July reading is
still below the levels seen in the first quarter of this year.

Back in February mortgage approvals hit their local peak for this
year of 32,523.

–London Bureau; Tel: +44207862 7491; email: drobinson@marketnews.com

[TOPICS: MABDS$,M$B$$$]