UK mortgage approvals down slightly but in line with forecast
UK mortgage approvals were in line with expectations last month, numbers from the Bank of England showed Monday.
The central bank said mortgage approvals totalled 64,680 in August, down slightly from 65,161 in July, but fractionally ahead of the FXStreet cited consensus of 64,500.
The average interest rate on newly drawn mortgages fell for the sixth month in succession to 4.26% in August, from 4.28% in July.
Net borrowing of consumer credit by individuals was flat at £1.7 billion in August, the BoE said.
‘The annual growth rate for all consumer credit increased slightly to 7.1% in August, from 7.0% in July,’ it added.
Copyright 2025 Alliance News Ltd. All Rights Reserved.