BoE: mixed mortgage picture continues

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There were 56,215 loan approvals for house purchase in September, according to the Bank of England.
This was up on August figure (52,970) and above the previous six-month average.
However, remortgage activity continued to wane, with 25,528 approvals for remortgaging below the August figure of 28,348 and below the previous six-month average.
The number of loans approved for other purposes (27,956) was higher than in August, but below the previous six-month average.
Consumer credit fell by a net £0.3 billion, below the previous six-month average. Credit card lending increased by £0.1 billion and other loans and advances fell by £0.3 billion.
The annual growth rate of consumer credit continued to fall, to 0.5% the three-month annualised growth rate fell to -1.6%.

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