Details of the October 2015 UK BBA mortgage approvals data report 25 November 2015
– Revised to 44,825
– Total net lending 1.891bn vs 2.191bn prior
– Credit card lending 131m vs 1.5m prior
A decent pick up in mortgage lending, which hit the lowest since May last month, will underpin the housing market. The numbers will probably fade somewhat into the end of the year but we may get a late flurry for the November data.