Mortgage approvals increased in January for both house purchase and remortgaging according to BOE
March 2, 2018
Statistical release from the Bank of England published 1st March 2018.
The monthly Money and Credit statistical release is made up of three parts: broad money and credit, lending to individual and lending to businesses.
Lending to individuals – data to the end of January 2018.
Annual growth in secured lending was unchanged at 3.3% in January, with net lending at £3.4 billion.
Mortgage approvals increased in January for both house purchase and remortgaging, to 67,478 and 49,242 respectively.
The annual growth rate for consumer credit has slowed over the past year to 9.3%, driven by other loans and advances.
Read the statistical release from the Bank of England published 1st March 2018 in full click here.
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