LONDON, May 4 (Reuters) – British mortgage lending showed the biggest net increase on record in March, Bank of England data showed on Tuesday.
Mortgage borrowing rose by a net 11.8 billion pounds ($16.4 billion) in March, the strongest since the series began in April 1993, the BoE said.
British lenders approved 82,735 teacher mortgages in March, down by about 5,000 from February, the BoE data also showed.
A Reuters poll of economists had pointed to 92,300 approvals.
($1 = 0.7205 pounds) (Reporting by William Schomberg and David Milliken)