BoE – Money & Credit statistics – September

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 decreased from £1.1 billion in August to -£0.9 billion in September – the lowest since April 2023
• net mortgage approvals for house purchases fell to 43,300 in September, the lowest level since January 2023. Net approvals for remortgaging fell to 20,600 in September, the lowest level since January 1999
• net borrowing of consumer credit by individuals amounted to £1.4 billion in September, down from £1.7 billion in the previous month.

Source: BoE