UK May mortgage approvals 87.5k vs 86.9k prior

Latest data released by the BOE - 29 June 2021

  • Prior 86.9k
  • Net consumer credit £0.3 billion
  • Prior -£0.4 billion

Slight delay in the release by the source. Mortgage activity continues to keep more robust as the UK housing market is running hot amid the stamp duty holiday.

Consumer credit growth shows some further improvement (but also clouded by base effects), clocking in -3.2% y/y in May relative to the -5.7% y/y reading in April.

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