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
This 386-word blog post looks at the latest Bank of England data for mortgage lending, borrowing and savings. Written on 30th November 2020.
Your purchase gives you rights to publish this blog post on your IFA, financial planner or wealth manager website blog, news or insights page, along with access to the text of the blog post to copy and paste into your blog. You can publish this blog as written or edit it before publishing, and you can post it under your name.