UK mortgage approvals climb in February, topping forecasts

Anabelle Colaco
01 Apr 2026, 23:31 GMT+10

Mortgage approvals in Britain rose more than expected in February, while consumer borrowing also picked up, pointing to resilient demand ahead of potential pressure from rising borrowing costs
British lenders approved 62,584 mortgages in February, up from 60,246 in January, according to Bank of England data released on March 30
The increase was also higher than January’s £1.828 billion rise, taking the annual rate of consumer credit growth to 8.5 percent, its fastest pace since March 2024

LONDON, U.K.: Mortgage approvals in Britain rose more than expected in February, while consumer borrowing also picked up, pointing to resilient demand ahead of potential pressure from rising borrowing costs.

British lenders approved 62,584 mortgages in February, up from 60,246 in January, according to Bank of England data released on March 30. Economists polled by Reuters had expected 61,250 approvals.

Net consumer borrowing rose by £1.935 billion (US$2.56 billion) in February, exceeding the £1.6 billion forecast in a Reuters poll.

The increase was also higher than January's £1.828 billion rise, taking the annual rate of consumer credit growth to 8.5 percent, its fastest pace since March 2024.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Bangladesh Sun.

More Information

Asia Sports

Section

GD Goenka Group Joins Delhi Capitals as Official Knowledge Partner for Indian T20 League 2026 Season

HT Syndication New Delhi [India], April 1: GD Goenka Group, one of India's leading education groups, has partnered with Delhi Capitals...

India to tour Zimbabwe for three-match T20I series in July

Mumbai (Maharashtra) [India], April 1 (ANI): The Board of Control for Cricket in India (BCCI) on Wednesday announced the senior men's...

Salman Khan, Eknath Shinde launch President Cup India 2026 in Thane

Mumbai (Maharashtra) [India], April 1 (ANI): A star-studded sporting spectacle unfolded in Thane as Bollywood actor Salman Khan joined...

Naveen Kumar credits family support for kickstarting kabaddi journey

By Utkarsh Rathour Bellary (Karnataka) [India], April 1 (ANI): Indian kabaddi player Naveen Kumar has credited his family support...

Jaideep Dahiya hails Inspire Institute of Sport as top training hub for kabaddi

By Utkarsh Rathour Bellary (Karnataka) [India], April 1 (ANI): Indian kabaddi star Jaideep Dahiya has praised the Inspire Institute...

2nd ODI: Amelia Kerr's unbeaten 179 powers New Zealand Women to record ODI chase against South Africa

Wellington [New Zealand], April 1 (ANI): A sensational display of batting by skipper Amelia Kerr as her side, New Zealand Women, scripted...

Business

Section