Top Insights
- Prior 60.38k; revised to 60.50
- Net consumer credit £1.6 billion
- Prior £1.4 billion
The mortgage approvals for the month is the highest since September 2022, with the ‘effective’ interest rate on newly drawn mortgages dropping by a whopping 17 bps to 4.73% in March. Of note, individuals borrowed, on net, £0.3 billion of mortgage debt on the month.
This article was written by Justin Low at www.forexlive.com.
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