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Mortgage approvals snap back following mini budget chaos, but net lending at lowest since 2016

Mortgage approvals have improved for the first time since August, as the market begins to shake off the stress of the mini-budget, however experts have According to the Bank of England's Money and Credit report for February, net mortgage approvals for house purchases increased to 43,500 up from 39,600 in January.

BoE tables LDI pension fund cash buffer boost after mini budget

Pension funds that borrow hundreds of billions of pounds to maximise returns for clients need to keep more money aside, the Bank said today.

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