UK Mortgage Approvals Rose Before War Triggered Rates Surge
An employee removes an advertisement for a sold property from the window of an estate agent in Guildford.
Photographer: Jason Alden/BloombergApprovals for UK home loans climbed for the first time in five months, a sign housing demand was gaining momentum before the mortgage market was rattled by the war in Iran.
The number of mortgages given the green light by lenders rose to 62,584 in February, up from 60,246 the previous month, Bank of England data showed on Monday.