Bank of England figures for February show first fall in approvals in six months but credit card lending hits 11-year high Mortgage approvals fell for the first time in six months in February and consumers became more reliant on their credit cards to keep spending, according to the Bank of England.Approvals dipped 1.2% to 68,315 last month from 69,114 in January, the latest snapshot of lending from the central bank showed. This was lower than expected and the first fall since August, supporting other reports of a slowdown in the mortgage market. Continue reading…
Source : theguardian.com
Read more…Mortgage approvals fall as UK consumers rely on credit to keep spending
