Financial News: UK Mortgage Approvals Fall In August

UK Mortgage Approvals Fall In August

09/29/2025 - 04:38:00 (RTTNews)

(RTTNews) - UK mortgage approvals declined in August and consumer credit remained flat, data from the Bank of England showed Monday.

The number of mortgage approvals fell by 500 to 64,700 in August. This was below the expected level of 65,000.

Secured lending dropped by GBP 0.2 billion to GBP 4.3 billion in August after falling by GBP 0.9 billion in July.

Net borrowing of consumer credit by individuals remained flat at GBP 1.7 billion in August.

Data showed that borrowing by large businesses increased at a faster pace of 8.6 percent, following an 8.1 percent rise in July.

Similarly, the annual growth rate of borrowing by small and medium-sized enterprises increased to 1.2 percent, which was the highest since August 2021.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Govt Has Started To Fire Federal Workers (16 min(s), 15 sec(s) ago)
(RTTNews) - The U.S. government has started to layoff federal employees, the Office of Management ...Full Story»

U.S. Consumer Sentiment Virtually Unchanged In October (42 min(s), 15 sec(s) ago)
(RTTNews) - A report released by the University of Michigan on Friday showed its reading on U.S. c ...Full Story»

Latvia Trade Deficit Narrows In August (15 sec(s) ago)
(RTTNews) - Latvia's foreign trade deficit decreased in August from a year ago, as exports gre ...Full Story»

Turkey Retail Sales Growth Eases To 12.2% (43 min(s), 15 sec(s) ago)
(RTTNews) - Turkey's retail sales growth moderated for the third straight month in August, tho ...Full Story»

Slovakia Industrial Output Shrinks Most In 17 Months (22 min(s), 15 sec(s) ago)
(RTTNews) - Slovakia's industrial production decreased at the steepest pace in nearly one-and- ...Full Story»

Swiss Consumers Less Pessimistic In September (28 min(s), 15 sec(s) ago)
(RTTNews) - Confidence among Swiss consumers remained slightly less negative in September, survey ...Full Story»

Portugal Inflation Confirmed At 2.4% (35 min(s), 15 sec(s) ago)
(RTTNews) - Portugal's consumer price inflation eased as initially estimated in September to t ...Full Story»

Romania Q2 GDP Growth Unrevised At 0.3% (37 min(s), 15 sec(s) ago)
(RTTNews) - Romania's economic growth held steady in the second quarter, confirming the previo ...Full Story»