U.K. Mortgage Borrowers Still Feeling Effects of High Rates

A modest drop in U.K. mortgage approvals, from around 61,000 in April to nearly 60,000 in May, shows the complexity of the market despite inflation appearing to stabilize, Aaron Milburn, U.K. managing director at Pepper Advantage, says.

A modest drop in U.K. mortgage approvals, from around 61,000 in April to nearly 60,000 in May, shows the complexity of the market despite inflation appearing to stabilize, Aaron Milburn, U.K. managing director at Pepper Advantage, says.