Lending and mortgage approvals on the up

The net underlying rise in total sterling lending rose 23bn, or 2% to £1,191bn, which is also double last month’s increase of £11.4bn, while net mortgage lending saw an increase of £5.4bn, again higher than both the £4.7bn rise in February and the average rise of £4.9bn over the last six months. However the BBA says unsecured personal lending fell by £0.4bn this month, compared with an average rise of £0.5bn in the last six months, as loans and overdrafts fell by more than £0.1bn, while credit card borrowing slipped by £0.2bn. The figures reveal lending to non-financial companies has al...