Details from the August 2016 UK mortgage approvals and consumer credit data report 29 September 2016
– Net mortgage lending 2.943bn vs 2.550bn exp. Prior 2.665bn. Revised to 2.641bn
Mortgage approvals are down to the lowest since Nov 2014. What’s perhaps surprising then is the rise in the mortgage lending amounts vs that drop. Consumer credit was higher but less of it was going on the old plastic.