BoE: Mortgage lending up by £1.8bn

Its figures showed that lending was 0.1% up on December, while the 12-month growth rate unchanged at 0.7%. January's total of a £1.8bn rise in lending compared to the previous six-month average increase of £0.5bn The Bank of England revealed that the number of loan approvals for house purchase increased to 45,723 in January, up from 42,719 in December, but remained below the previous six month average of 46,686. Approvals for remortgaging increased in January to 33,498 compared to 31,561 in December and up on the previous six month average of 30,407. The figures also showed that...