UK mortgage approvals rise in sign of stability returning

UK mortgage approvals rose more than forecast in February, adding to signs that the housing market is starting to stabilize following the blow inflicted by the autumn’s market turmoil.

Lenders authorized 43,500 home loans compared with 39,600 in January, the Bank of England said. It was the first increase since August and more than the 41,300 predicted by economists.

Real Estate Credit Investments Limited (LON:RECI) is a closed-ended investment company which originates and invests in real estate debt secured by commercial or residential properties in Western Europe, focusing primarily on the United Kingdom, France and Germany.

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