- Net mortgage lending 861m vs 898m in Sep
- Mortgage approval 37,076 vs 39,127 in Sep. Lowest since May 2013. -16% y/y
- Credit card lending +307m vs -289m in Sep, biggest rise since June 2013
The new mortgage rules are definitely having a marked effect on mortgage borrowing and the jump in credit card lending needs to be monitored to make sure we’re not fueling the recovery totally on debt.
The figures are from the BBA
