David Dooks News
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U.K. Chancellor of the Exchequer George Osborne won’t bow to opposition calls to change economic plans after the decision by Moody’s Investors Service to strip the U.K. of its Aaa status.
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U.K. mortgage approvals rose last month to the highest level since January, adding to signs of stabilization in the home loan market, according to the British Bankers’ Association.
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At 21, Steve Morgan borrowed 5,000 pounds ($8,100) from his father to start a business that would become U.K. homebuilder Redrow Plc. Four decades later, he says he couldn’t repeat the feat in Britain.
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U.K. mortgage approvals fell to a five-month low in July, the British Bankers’ Association said.
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U.K. mortgage approvals fell in September to the lowest level since March 2009 because of weaker demand for homes, the British Bankers’ Association said.
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U.K. mortgage approvals rose “slightly” in June as consumers pushed back expectations for the Bank of England to increase interest rates, the British Bankers’ Association said.
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U.K. mortgage approvals fell in April, the British Bankers’ Association said.
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U.K. mortgage approvals fell in November as a darkening economic outlook prompted households to repay rather than add to debt, the British Bankers’ Association said.
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U.K. mortgage approvals rose in January to the highest in two years as buyers tried to complete purchases before a property tax suspension ends, the British Bankers’ Association said.
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U.K. mortgage approvals fell to a 16-month low in August as the housing market weakened, a report by the British Bankers’ Association showed.
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