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.

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