January 2017 UK mortgage approvals and consumer credit data report 1 March 2017
– Total mortgage lending 3.379bn vs 3.700bn exp. Prior 3.798bn. Revised to 3.693bn
Another report to confound Brexit worriers. The housing and borrowing numbers show a steady appetite for borrowing, and mortgage lending remains buoyant too. I’d like to see the non-fin lending maintain a decent pace, and SME borrowing to pick up, as long as it doesn’t start overheating, which will signal problems.