Number of mortgage approvals up 3.2% in August
The number of mortgages approved by banks increased last month according to figures from UK Finance.
There were 85,931 mortgages approved by the main high street banks in August and approvals for home purchases were 3.2% higher than the same month in 2018.
Gross mortgage lending across the residential market was £24 billion, 3.2% lower than in the same month in 2018.
Personal borrowing through loans in August 2019 was 4.5% higher than in the same month a year earlier and overdraft borrowing was 1.2% higher in August 2019.
The £11.0 billion of credit card spending in August 2019 was one per cent higher than in August 2018.
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