MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

CBI Retail Sales Fell Faster Than Expected For The Second Month

MNI: UK CBI JUL DIST TRADE REPORTED SALES -43

MNI: UK BOE JUN MORTGAGE APPROVALS 59,976

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI: UK September Mortgage Approvals Slip To Six-Month Low

MNI (London)
--September Mortgage Approvals 38,505 vs 39,241 August: UK Finance
By Jamie Satchi
     LONDON (MNI) - UK mortgage approvals dipped for the third consecutive month
in September to sit at their lowest level since March, UK Finance data published
Wednesday showed.
     The September UKF figures add to the evidence that housing market activity
is stagnant, with approvals a good indicator of future house purchase levels. In
September there were 38,505 mortgage approvals, down from 39,241 in August and
below the 12-month average of 38,967. 
     Meanwhile, remortgaging approvals also dipped. Approvals fell to 27,874,
recording the biggest monthly fall since December 2017, down from 30,838 in
August and below the 12-month average of 29,506.  
     The net change in mortgage lending in March was just stg1.550 billion, down
from stg1.671 billion a month before. That's the third straight month net
mortgage lending has decline and below the 12-month average of stg1,779bn.  
     "The mortgage market softened slightly in September, following strong
remortgaging activity in the months preceding the recent base rate rise," Eric
Leenders, UK Finance Managing Director for Retail Banking said.
     "There has been modest year-on-year growth in card spending. However,
borrowing through personal loans and overdrafts has contracted slightly in
recent months, suggesting demand for unsecured household finance is becoming
more subdued," he added.
--MNI London Bureau; +44 203-586-2226; email: jamie.satchithanantham@marketnews.com
[TOPICS: MABDS$,M$B$$$,M$E$$$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
Data StoriesImpactDataPolicy NewsSpainCEEMEAEurozoneGermanyFranceItalyBank Of England (BOE) Market NewsUKRegion
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
Data StoriesImpactDataPolicy NewsSpainCEEMEAEurozoneGermanyFranceItalyBank Of England (BOE) Market NewsUKRegion
To read the full story
Close
Why MNI
MNI is the leading provider
 of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.