Economic Buzz: UK Mortgage Approvals Climb To 4-Month High In May

UK mortgage approvals increased to 39,244 in May from 38,327 in April, data from UK Finance showed Tuesday. This was the highest since January and above the expected level of 38,250. Gross mortgage lending for the total market in May increased 8.8 percent from a year ago to GBP 22.2 billion.