UK Mortgage Approvals Increase In September

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Thursday, the Bank of England reported that mortgages approved in September stood at 56,215, up from August's revised 52,970. Approvals stood above the expected the expected level of 53,600.

Consumer credit fell a net GBP 0.3 billion compared to a revised decline of GBP 0.4 billion in August. Meanwhile, total net lending to individuals rose GBP 0.7 billion in September. Within the total, net lending secured on dwellings increased GBP 0.9 billion, smaller than the revised GBP 1.3 billion increase seen in August. Economists were expecting a fall of GBP 0.2 billion in consumer credit and a monthly rise of GBP 0.8 billion in secured lending.

Thursday, the Bank of England reported that mortgages approved in September stood at 56,215, up from August's revised 52,970. (Market News Provided by RTTNews)