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flag British mortgage approvals rose in February but fell in March due to higher rates.

flag British mortgage approvals rose to 62,584 in February, the highest since November 2025, but this improvement quickly reversed as mortgage rates surged in March due to Middle East conflict. flag Lenders reintroduced deals at higher rates, pushing average two-year fixed rates to 5.77%. flag While consumer credit grew, analysts warn household finances are under strain from rising energy prices and economic uncertainty.

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