Mortgage lending up again - BoE

This was above the increase of £9bn in June and well above the previous six month average of £8.9bn, says the Bank. Meanwhile, the twelve-month growth rate continued to increase, by 1% to 11.2% since July last year. The figures also show the number of loans approved for house purchase (at 120,000) was higher than in June while approvals for remortgaging (at 96,000) and other purposes (at 73,000) were both lower than the respective June outturns. The increase in consumer credit at £1.1bn was higher than in June with net credit card lending increasing by £0.2bn in July, compared with a £0...