UK Mortgage Approvals

Monitor UK Mortgage Approvals to gauge housing market trends, despite overlap with earlier BBA data.

Overview

Typically has a limited effect since approximately 60% of mortgages are reflected in the BBA Mortgage Approvals data published earlier;

What it Measures

Total number of new mortgages approved for home purchases in the prior month;

Usual Effect

'Actual' figures exceeding 'Forecast' are positive for the currency;

Source & Frequency

Bank of England (latest release) - https://www.bankofengland.co.uk/ • Released monthly, approximately 30 days after the end of the reporting month;

How Data is Derived

N/A

Also Known As

Approvals Secured on Dwellings

Acronym

Bank of England (BOE)