Bank shows continued – albeit small – increased in lending on property

The Bank of Englands “Money & Credit” statistical release for August 2013, shows an continued increase in the lending secured on Dwellings.

Lending on DellingsThe Bank of Englands “Money & Credit” statistical release for August 2013, shows an continued increase in the lending secured on Dwellings.

The Banks figures shows that this lending increased by £1.0 billion in August – compared to the monthly average of £0.8 billion.

Gross lending secured on dwellings was therefore £14.9 billion – with repayments set at £13.9 billion.

Mortgage Approvals

The number of approvals of loans for house purchases was also up to 62,226, compared to a monthly average of 56,597.

The number of approvals for remortgaging was also up by £0.4 billion to 36,225, compared to a monthly average of 31,629 over the last six months.

Latest posts by Julie Hanson (see all)

LEGAL INFORMATION

This site is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. We are compensated for referring traffic and business to Amazon and other companies linked to on this site. We may also do this with other affiliate schemes.

You May Also Like…