Mortgage approvals rose in November driven by remortgaging according to Bank of England

Bank of England monthly Money and Credit statistical release published  4th January 2017 – November 2017.

Lending to individuals data to the end of November 2017 include:

Secured net lending remained stable in November at £3.5bn, broadly in line with the average seen since 2016.

Mortgage approvals rose in November, driven by a continuing increase in remortgaging approvals to 53,922.

The annual growth rate of consumer credit slowed to 9.1% in November, the lowest rate since December 2015. This fall partly reflects a particularly strong flow in November 2016 falling out of the annual growth rate.

Read the Bank of England monthly Money and Credit statistical release 4th January 2017 in full with tables click here.

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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