The British bankers association has released their August mortgage numbers were -£47bn from July’s -£42bn and from -£563bn last August.
Approvals came in at 38,228 from 37,428 in July and from 30,442 in August 2012
BBA director David Dooks said;
“These figures suggest that consumer confidence is growing. For the first time in four years, annual growth in household borrowing on credit cards and personal loans has turned positive and mortgages approved for house purchase are also at their highest level since 2009.
Still worryingly, business borrowing by large corporates contracted once again but SME borrowing remained stable.
