Lending to individuals rises £1bn

Total lending to individuals rose by £1bn in September in line with the previous six-month average, reveals figures from the Bank of England.

Lending secured on dwellings rose by £0.3bn, less than the previous six-month average increase of £0.6bn.

The number of loan approvals for house purchases decreased to 50,967 in September from 52,347 in August but remained above the previous six-month average.

Source: MortgageIntroducer.com