Wealth and Asset Management
BoE Money & Credit data: Mortgage lending soars despite market chaos
Net borrowing of mortgage debt by individuals increased to £6.1 billion in August, up from £5.1 billion in July, and remaining above its 12-month pre-pandemic average up to February 2020 of £4.3 billion. Mortgage approvals for house purchases increased sharply to 74,300 in August from 63,700 in July. This is…
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