Track UK Prelim Mortgage Approvals to gauge housing market demand and buyer qualifications.
This is a key indicator of housing market demand, as most home purchases are made with a mortgage. It serves as an effective measure of the number of qualified buyers entering the market. The source initially released the preliminary data in November 2009 and ceased publication in April 2011.
What it Measures
The total number of new mortgages approved for home purchases in the previous month.
Usual Effect
'Actual' results exceeding 'Forecast' are favorable for the currency.
Source & Frequency
Bank of England (latest release) - https://www.bankofengland.co.uk/ • Data is released monthly, approximately 19 days after the end of the month.
How Data is Derived
N/A
Also Known As
Approvals Secured on Dwellings
Acronym
Bank of England (BOE)