The number of loan approvals for house purchase was 61,267 in September, compared to the average of 64,720 over the previous six months. The number of approvals for remortgaging was 30,500, compared to the average of 31,632 over the previous six months.

Bank of England

Total lending to individuals

Total lending to individuals increased by £2.7 billion in September, compared to the average monthly increase of £3.1 billion  over the previous six months. The three-month annualised and twelve-month growth rates were 2.6% and 2.2% respectively.

Lending secured on dwellings

Lending secured on dwellings increased by £1.8 billion in September, compared to the average monthly increase of £2.2 billion over the previous six months. The three-month annualised and twelve-month growth rates were 2.0% and 1.8% respectively.

Gross lending secured on dwellings was £17.1 billion and repayments were £15.7 billion.

Mortgage approvals

The number of loan approvals for house purchase was 61,267 in September, compared to the average of 64,720 over the previous six months. The number of approvals for remortgaging was 30,500, compared to the average of 31,632 over the previous six months.

The number of approvals for other purposes was 9,241, compared to the average of 10,468 over the previous six months

 

Mortgage Approvals