Gross mortgage lending at £22.3bn; 3.7% higher than a year ago

by Aaron Strutt

Oct 20 2019

Gross mortgage lending across the residential market in September 2019 was £22.3bn, 3.7% higher than in the same month in 2018, according to UK Finance.

There were 85,880 mortgages approved by the main high street banks in September 2019. Mortgage approvals for home purchase were 13.5% higher, while remortgage approvals were 23.4% higher.

The £11bn of credit card spending in September 2019 was 10.1% higher than in September 2018. 

Personal borrowing through loans in September 2019 was 9.8% higher than in the same month a year earlier. Overdraft borrowing was 5.2% higher in September 2019 than in the same month a year earlier, while the longer-term trend has seen overdraft borrowing decline.

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