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UK Money and Credit - September 2024
Net borrowing of mortgage debt by individuals fell by £0.3 billion, to £2.5 billion in September. Net mortgage approvals for house purchases rose to 65,600 in September, the highest level since August 2022 (72,000). Similarly, approvals for remortgaging increased by 3,100 to 30,800. Net consumer credit borrowing by individuals was £1.2 billion in September, down from £1.4 billion in the previous month. During September, private non-financial corporations (PNFCs) raised, on net, £3.2 billion of finance, compared to £6.9 billion of net finance raised in August. The net flow of sterling money (known as M4ex) was ... (full story)