UK Mortgage Approvals fell to 66,232

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Monday, Oct 30 2017

UK Mortgage Approvals fell to 66,232

Broad money increased by £3.0 billion in September. Within this, the flow of household M4 was the largest contributor at £3.8 billion. The flow of M4 for private non-financial corporations (PNFCs) was -£1.5 billion, a particularly weak outturn. The net flow of sterling credit remained robust at £9.6 billion in September. Within this, lending to households has been growing steadily at around 4% per year.

Mortgage approvals for house purchase fell slightly to 66,232 in September, close to their recent average. The annual growth rate of consumer credit has remained broadly unchanged since June, at around 10%. The flow was £1.6 billion in September, also close to its recent average.

More in this category: « German Retail Sales increased by 0.5% German CPI unchanged in October »

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