UK Mortgage Approvals Rise to 15-Month High in April
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The number of approved mortgage loans in the United Kingdom increased to 65,945 in April, reaching a 15-month high and rising from 63,979 in March. The growth represents a significant uptick in the British housing market, suggesting improved lending conditions and consumer confidence in property purchases. The April figure marks the highest level of mortgage approvals since early 2023, indicating potential recovery in the UK's housing sector after a period of tighter lending standards and economic uncertainty.