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UK mortgage approvals pick up in December, consumer credit slows

British mortgage approvals rose in December for the first time since June, the Bank of England said on Friday, suggesting that a steady slowdown in the number of loans for home purchases could be bottoming out. Data from the BoE also showed a sharp slowdown in December in borrowing by British consumers whose spending has driven the country's economic recovery. The BoE said mortgage approvals for …

Bank of Ireland, ptsb latest to cut mortgage rates

DUBLIN (Reuters) – Bank of Ireland (BKIR.I) and permanent tsb (PTSB) (IPM.I) will cut mortgage rates for new customers, becoming the latest lenders to do so as competition intensifies in a recovering property …