UK Mortgage Approvals Decline In September - ConsultFX

UK Mortgage Approvals Decline In September

The UK mortgage approvals declined in September, figures from Bank of England showed Monday.

The number of housing loan approvals fell to 65,269 in September from 66,101 in August. Nonetheless, this was above the expected level was 64,700.

Lending secured on dwelling rose at a faster pace of GBP 3.9 billion, following August's GBP 3.1 billion increase.

Meanwhile, the increase in consumer credit slowed to GBP 0.8 billion from GBP 1.2 billion in August. Credit was forecast to rise again by GBP 1.2 billion.

Further, data showed that lending to non-financial businesses fell GBP 1.7 billion compared to an increase of GBP 2.2 billion in August.


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