UK mortgage approvals bounce back in June, Bank of England says – ZAWYA

UK mortgage approvals bounce back in June, Bank of England says – ZAWYA

UK mortgage approvals bounce back in June, Bank of England says Households repaid a net $111mln of unsecured debt in June    People sit in front of the Bank of England, as the number of coronavirus disease (COVID-19) cases grow around the world, in London, Britain, March 19, 2020. LONDON - British mortgage approvals more than quadrupled last month from May's record low and households showed signs of spending more, as the economy began to open up from the coronavirus lockdown.Approvals rose in June to 40,010 from May's record-low reading of 9,273, Bank of England data showed on Wednesday, a bigger increase than the rise to 33,900 that was the average forecast in a Reuters poll of economists.Households repaid a net 86 million pounds ($111 million) of unsecured debt in June, the lowest net repayment since February and much less than the 2 billion pounds expected by economists, in a sign that they returned to old spending habits as the lockdown eased.Approvals rose in June to 40,010 from May's record-low reading of 9,273, Bank of England data showed on Wednesday, a bigger increase than the rise to 33,900 that was the average forecast in a Reuters poll of economists.LONDON -