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UK mortgage approvals fall to lowest since early 2024

UK mortgage approvals declined in July to 56,053 from 58,215 in June, the lowest since early 2024, while consumer credit hit its highest level since late 2025, the Bank of England said.

LONDON (dpa-AFX) - UK mortgage approvals declined to the lowest since early 2024, while consumer credit reached its highest level since late 2025, the Bank of England said Tuesday.The number of mortgages approved in July declined unexpectedly to 56,053 from 58,215 in June.

This was the lowest since…