- Prior 1.252bn
- Mortgage approvals 60,275 vs 59,000 exp. Prior 59,029. Revised to 58,956
- Mortgage lending 1.612bn vs 2.000bn exp. Prior 2.059bn. Revised to 1.915bn
- M4 money supply 0.1% vs 0.0% prior. Revised to 0.1%
Whoopee! Some good news for UK personal debt numbers and good news for mortgages. The increase in mortgages comes with a decrease in the amounts borrowed. That should indicate that banks are lending but at lower levels than previously, which should help keep prices from rocketing, and more importantly, borrowers from overextending themselves.
It’s a good report which I hope can be sustained.
UK BOE consumer credit 30 01 2015
