Mortgage lending in the UK refers to the process by which financial institutions provide loans to individuals or entities for the purchase of real estate. It measures the volume and value of new mortgage approvals and completions, reflecting consumer confidence and economic health. This metric is crucial for the economy as it influences housing market dynamics, consumer spending, and overall financial stability. Changes in mortgage lending can impact interest rates, property prices, and the broader financial markets, making it a key indicator for policymakers and investors.
Mortgage lending in the UK refers to the process by which financial institutions provide loans to individuals or entities for the purchase of real estate. It measures the volume and value of new mortgage approvals and completions, reflecting consumer confidence and economic health. This metric is...