The number of mortgage approvals in the UK hit a 13-month high last month, Bank of England figures showed today, but economists warned the market remains subdued.
Mortgages approved for house purchase increased 4% to 48,421 in June, the Bank of England said, from 46,418 in May and a four-month low of 45,804 in April.
The number of approvals for remortgaging increased by 5% to 30,705, even as the threat of an interest rate hike continued to recede.
