BoE: mixed mortgage picture continues

Published on

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%.

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Seven out of 10 homebuyers likely to miss stamp duty deadline

Seven out of 10 (71%) homebuyers with accepted offers expect to miss the 31st...

First-time buyer mortgage sales declined in London over the past decade

First-time buyer mortgage sales in London declined significantly between 2013 and 2023, as increasing...

UTB appoints BDM for the north and Scotland

Fran Arnold has joined the sales team at United Trust Bank Mortgages as business...

International demand for UK property investment ‘more diverse than expected’

The UK property market is attracting investment from a much broader range of international...

Other news

Seven out of 10 homebuyers likely to miss stamp duty deadline

Seven out of 10 (71%) homebuyers with accepted offers expect to miss the 31st...

First-time buyer mortgage sales declined in London over the past decade

First-time buyer mortgage sales in London declined significantly between 2013 and 2023, as increasing...

UTB appoints BDM for the north and Scotland

Fran Arnold has joined the sales team at United Trust Bank Mortgages as business...