Article preview: Despite growing economic uncertainty and rising pessimism about the state of the UK housing market, last month was brilliant for mortgage lending. The latest official figures show that British lenders approved the most mortgages in October in more than 13 years. According to the Bank of England, this mortgage lending boon was part of the post-Covid lockdown bounce-back in the housing market.
Lots of mortgage lending but overall less credit
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This 386-word blog post looks at the latest Bank of England data for mortgage lending, borrowing and savings. Written on 30th November 2020.
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