U.K. June Mortgage Approvals Rise to Highest Level in 14 Months

U.K. mortgage approvals climbed to a 14-month high in June, a sign the housing market is recovering as the recession eases and banks become more willing to lend. Banks granted 47,584 home loans, compared with 44,169 in May, the Bank of England said today in London. Economists predicted 47,000, ac...