UK consumer credit gains and mortgage approvals dip in February

UK net borrowing declined in February

Net mortgage and consumer borrowing declined in February 2025, amid stagnant economic growth and low consumer confidence. According to the Bank of England’s latest money and credit statistics, net borrowing of mortgage debt by individuals decreased by £0.9bn to £3.3bn in February. This followed an increase in net borrowing of £0.8bn in January. Net mortgage […] The post UK net borrowing declined in February appeared first on Alternative Credit I…

Mortgage interest rates affect the demand for housing loans

Mortgage approvals edge lower in February: BoE   – Mortgage Finance Gazette

Mortgage approvals slipped by 600 to 65,500 in February from a year ago, Bank of England data shows.   This follows a fall of 400 mortgage approvals in January, the central bank’s latest Money and Credit report shows.  Approvals for remortgaging to a new lender were… The post Mortgage approvals edge lower in February: BoE   appeared first on Mortgage Finance Gazette.

Dip in mortgage approvals as stamp duty deadline approaches

The number of mortgages taken out by homebuyers dipped in February as the rush to beat the stamp duty deadline eased off. The post Dip in mortgage approvals as stamp duty deadline approaches appeared first on What Mortgage.

UK mortgage approvals dip in February as consumer credit growth slows

The Bank of England said on Tuesday that mortgage approvals for house purchases fell for a second month in February and consumer credit growth slowed as households continue to face pressure from rising inflation and the cost of living.

UK consumer credit gains and mortgage approvals dip in February

Mortgage approvals for house purchases decreased again in February as gains in consumer credit borrowing slowed down by £300m compared to January, the Bank of England said on Tuesday. House buying appeared to slow down as lenders approved around 65,500 mortgages in February, compared to some 66,100 in January.   January saw a decrease of around 400 in mortgage approvals compared to the end of 2024. The figure of around 65,500 approvals for Febru…