BoE: mixed mortgage picture continues

There were 56,215 loan approvals for house purchase in September, according to the Bank of England.
This was up on August figure (52,970) and above the previous six-month average.
However, remortgage activity continued to wane, with 25,528 approvals for remortgaging below the August figure of 28,348 and below the previous six-month average.
The number of loans approved for other purposes (27,956) was higher than in August, but below the previous six-month average.
Consumer credit fell by a net £0.3 billion, below the previous six-month average. Credit card lending increased by £0.1 billion and other loans and advances fell by £0.3 billion.
The annual growth rate of consumer credit continued to fall, to 0.5% the three-month annualised growth rate fell to -1.6%.

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