Gross mortgage lending across the residential market in August 2019 was £24bn, 3.2% lower than in the same month in 2018, according to UK Finance.

There were 85,931 mortgages approved by the main high street banks in August 2019. Mortgage approvals for home purchase were 3.2% higher, remortgage approvals were 0.1% higher and approvals for other secured borrowing were 0.4% lower than in the same month a year earlier

The £11bn of credit card spending in August 2019 was 1% higher than in August 2018. Repayments have remained in line with credit card spending, showing that consumers are managing their finances effectively overall. The level of credit card borrowing grew by 3.3% in the year to August 2019.

Personal borrowing through loans in August 2019 was 4.5% higher than in the same month a year earlier. Overdraft borrowing was 1.2% higher in August 2019 than in the same month a year earlier, while the longer-term trend has seen overdraft borrowing decline.

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