UK March mortgage approvals 52.01k vs 46.25k expected | Forexlive

• Prior 43.54k; revised to 44.13k
• Net consumer credit £1.6 billion vs £1.2 billion expected
• Prior £1.4 billion; revised to £1.5 billion

UK mortgage approvals rose significantly in March, although overall mortgage lending did fell from a net flow of £0.7 billion in February to net zero in March. That represents the lowest level of net borrowing since June 2011. That is another sign of higher rates weighing on the housing market in general.