–Adds Detail To Version Transmitted At 0830 GMT
–UK BBA: Sep Sa Mortgage Approvals 33,130 Vs 35,069 Aug
–UK BBA: Sep Sa Remortgage Approvals 24,498 Vs 26,643 Aug
–UK BBA: Sep Value House Purchase Loans STG4.846Bn Vs Stg5.16Bn
–UK BBA: Sep Net Credit Card Credit Up Stg172Mn
LONDON (MNI) – September mortgage approvals saw a surprise fall,
having risen in all four months in May through August, according to the
latest British Bankers’ Association data.
The number of approvals for house purchases in September fell to
33,130 from 35,069 in August. August had seen the highest outturn since
May 2010 and nalysts’ median forecast was for modest further growth in
mortgage approvals, taking them up to 36,000.
The data showed only modest growth in unsecured consumer credit.
The net change in the amount of consumer credit outstanding was
Stg172 million, up from Stg22 million in August. Personal loans and
overdrafts declined by Stg212 million.
“Households are limiting their borrowing in the face of
unemployment concerns and pressure on household finances amid general
economic uncertainty,” David Dooks, BBA Statistics Director, said.
–London Bureau; Tel: +44207862 7491; email: drobinson@marketnews.com
[TOPICS: MABDS$,M$B$$$]