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Number of approvals for remortgaging increased in August – Bank of England

Bank of England – Money and Credit – August 2018 published today 1st October 2018.

Household borrowing growth moderated slightly in August. Annual consumer credit growth slowed to 8.1%, while secured lending growth ticked down to 3.1%.

The number of approvals for remortgaging, which has been volatile in recent months, increased to 53,125 in August.

Net finance raised by private non-financial corporations (PNFCs) remained positive in August. Within this, net bank lending to businesses was positive, whilst finance raised through financial markets was negative.

Read the Bank of England publication 1st Octoiber 2018 in full click here.

Allen Walkey

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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