The number of approved mortgage loans in the UK increased to a 4-month high in May

In May, the number of approved mortgage loans in the UK reached a 4-month high of 39 thousand 244 loans, according to the data of the British financial reports. The project writes that the May value became the highest since January and exceeded the analysts' forecasts who had expected the level of 38 thousand 250 loans. Last month, gross mortgage lending of the entire British market increased by 8.8% in annual terms. The cost of credit cards grew by 2.3%, personal deposits - by 1.6%. According to Eric Landers, managing director of personal finance at UK Finance, the increase in the number of approved mortgage loans in May was due to a significant rise in remarketing. A large number of urgent mortgage loans came to an end, and homeowners took advantage of the competitive market for attractive deals.

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