UK November mortgage approvals 50.07k vs 48.50k expected

<ul><li>Prior 47.38k; revised to 47.89k </li><li>Net consumer credit £2.0 billion vs £1.4 billion expected</li><li>Prior £1.3 billion; revised to £1.4 billion</li></ul><p>Mortgage lending to individuals was at net zero in November compared to £0.1 billion of net repayments in October. The annual growth for net mortgage lending fell further to 0.3% – its lowest since the series began in 1994. Meanwhile, annual consumer credit growth continued to increase – now seen at 8.6%, its highest since September 2018.</p>

This article was written by Justin Low at www.forexlive.com.