UK mortgage approvals climbed to a three-month high in June, with lenders authorising 64,167 home loans, Bank of England data showed on Tuesday. The figure edged up from 63,032 in May and beat economists’ expectations for 63,100 approvals, signalling renewed momentum in the housing market. Net mortgage lending to individuals jumped to £5.34 billion, more than double May’s £2.05 billion and far above the £2.35 billion consensus. The pickup follows a brief slowdown after April’s property-tax increase and suggests buyers are returning despite higher borrowing costs. Households also increased unsecured borrowing. Net consumer credit grew by £1.42 billion, exceeding the anticipated £1.2 billion, while annual growth in consumer credit accelerated to 6.7% from 6.5%. Broad liquidity remained subdued, with the M4 money supply rising 0.3% on the month after a 0.2% gain in May. The combination of stronger credit demand and steady money growth will feed into the Bank of England’s assessment of domestic conditions ahead of its next policy decision.