BBA mortgage approvals added more than expected

British Bankers' Associations reported on Tuesday that the amount of mortgages that were approved by the BBA grew more than expected in August. BBA mortgage approvals advanced to 30.5 thousand on a seasonally adjusted basis, compared to a figure of 28.4 thousand for the previous month. Analysts, however, expected that the BBA mortgage approvals would rise only to 28.6 thousand.