Mortgage lending in the UK in June reached a 5-month high

Approved applications for mortgages in the UK reached a 5-month maximum in June 2018, the Bank of England said. In June, creditors approved 65 thousand 619 mortgage loans in comparison with approved in May 64 thousand 684 loans. Growth in consumer lending in the UK in June exceeded forecasts. According to the estimates of the Bank of England, inflationary pressures are beginning to increase after the economic slowdown in early 2018. Most economists expect the Bank of England at its meeting on Thursday to raise rates to a new high since the financial crisis at 0.75%.

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