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U.K. Mortgage Approvals to Buy Homes Declined in April, BBA Says

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May 25 (Bloomberg) -- U.K. mortgage approvals fell in April, the British Bankers’ Association said.

The number of mortgages granted to homebuyers declined to 29,355 from 31,205 in March, the London-based group said in an e-mailed statement today.

“Individuals and businesses continue to save more, pay off debt and borrow less as uncertainty about the economy has entrenched a ‘wait and see’ attitude,” BBA Statistics Director David Dooks said in the statement.

To contact the reporter on this story: Craig Stirling in London at cstirling1@bloomberg.net

To contact the editor responsible for this story: Mark Evans at mevans8@bloomberg.net

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