Wealth and Asset Management
BoE Money & Credit report: Mortgage lending dips while consumer borrowing soars
Net borrowing of mortgage debt by individuals decreased slightly to £5.1 billion in July, from £5.3 billion in June (Chart 1). This is above the pre-pandemic average of £4.3 billion in the 12 months up to February 2020. Approvals for house purchases, an indicator of future borrowing, increased slightly to…
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