Apr Mortgage Approvals Broadly Unchanged....>

UK DATA: Apr Mortgage Approvals Broadly Unchanged           

--BOE: UK Apr House Purchase Approvals 62,455 vs 62,802 Mar 

--BOE: UK Apr Net Consumer Credit stg1.832bn vs Mar stg0.425bn 

--BOE: UK Apr Net Mortgage Lending stg3.894bn vs st3.959gbn Mar 

--BOE: UK Apr M4 Ex-intermediate OFCS 0.0% m/m; -0.7% 3m Annualised         

--BOE: UK Apr Effective Interest Rate On New Secured Loans 2.02% v 2.04%    

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Net consumer credit rebounded after its sharp fall in March, rising to 

stg1.832bn, with the bulk of the rise attributed to 'other' lending 

which includes motor finance. The result also constituted an improvement 

on the February outturn of stg1.661bn. New mortgage approvals fell in 

April to 62,455, but were broadly unchanged from the 62,802 approvals in 

March. The April result was lower than the six month average of 63,968 

and means approvals have fallen for three straight months. Annual growth 

in secured lending grew from from 3.3% in March to 3.4% in April.