BoE Money and Credit statistics – September

Statistics | 03/10/23

The Bank of England (BoE) has published its latest Money and Credit statistics for the month of September. The key figures highlight that:

  • Net borrowing of mortgage debt by individuals increased for the fourth consecutive month to £1.2 billion in August, up from £0.2 billion in July.
  • Net mortgage approvals for house purchases fell from 49,500 in July to 45,400 in August, the lowest level in six months. Net approvals for remortgaging dropped from 39,300 to 25,000 during the same period, the lowest since July 2012.
  • Net borrowing of consumer credit by individuals amounted to £1.6 billion in August, up from £1.3 billion in the previous month.

Source: Bank of England