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BoE: July mortgage lending holds steady
31 August 2010
Mortgage lending in July was little changed month-on-month and against the previous six month average at 48,722. The July figures from the Bank of England are just 176 loans higher than the six-month average at 48,386. Approvals for remortgaging, however, at 26,951, were up on June and also higher than the previous six-month average of 26,235. In the UK, total net lending to individuals rose by £0.3 billion in July, keeping the twelve-month lending growth rate unchanged at 0.8%. The three-month annualised growth rate fell to 0.5% in July, from 0.6% in June. Aside from credit card lending, which rose by £0.2 billion in July, other loans and advances remained in line with the previous six-month average. Published by Mortgage Solutions
