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.