Mortgage approvals at highest level since Feb 2017

Howard Archer, chief economic adviser to the EY Item Club, said the property market may have been boosted by the Brexit deadline delay.

"It may very well also be that the housing market has benefited from recent improved consumer purchasing power and robust employment growth."Last month it was revealed that, with London house prices suffering the most. Credit card lending was up by 11.7% year-on-year to £11.4bn, not seasonally adjusted, according to UK Finance's April data.

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