Mortgage loans up slightly in September says BoE

The BoE says the increase in net mortgage lending stood at £7.7bn which was higher than the increase in August at £7.6bn and also a little stronger than the previous six month average £7.4bn. The twelve-month growth rate fell to 10.2% in September from 10.3% in August, it adds. Meanwhile the number of loans approved for house purchase was slightly higher in September than in August rising to 107,000 from 106,000 the previous month. Approvals for remortgaging were up by a further 5,000 to 113,000, while those for other purposes were also higher by 2,000 to 78,000. The increases in con...