–UK BBA: Feb Mortgage Approvals Stg4.116bn vs Stg4.121bn Jan
–UK BBA: Feb S.adj Mortgage Approvals 27,144 vs 26,417 In Jan
LONDON (MNI) – There was an improvement in the UK borrowing
environment facing households or businesses in February, the British
Bankers’ Association reported today.
Approvals for house purchase rose to 27,144 vs 26, 417 in January.
, the BBA reported. In value terms, approvals for house purchase rose to
stg4.260bn from stg4.144bn in value terms.
The change in net lending secured on dwellings rose by stg1.3bn vs
stg 1.6bn in January.
BBA statistics director, David Dooks said:
“Mortgage lending remains subdued, with only remortgaging on an
upward trend, as borrowers lock into lower rate products currently
available. Household demand for unsecured credit is also weak, as people
continue to cut back on borrowing and build up deposits.
“With repayments by businesses exceeding new borrowing business
lending is still contracting but at a slower rate suggesting that
businesses’ adjustment to their trading environments may be
stabilising.”
–London Bureau; Tel: +44207862 7492; email:
ukeditorial@marketnews.com
[TOPICS: MABDS$,M$B$$$,MT$$$$]