U.K. mortgage approvals grow to more than a five year high

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
U.K. mortgage approvals grew to more than a five year high in September, supporting that the property market is strengthening. Lenders gave 66,735 mortgages, it is the highest reading since February 2008; however, last month it reached 63,396, according to the Bank of England. Home-loan rates dropped to 3.3% that is a record low, while gross mortgage lending reached 15.6 billion Pounds.
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