UK mortgage approvals decreased in November and consumer credit posted a faster growth, data from the Bank of England showed on Monday.
Net mortgage approvals for house purchase, which is an indicator of future borrowing, fell 500 to 64,500 in November. Approvals were forecast to fall more sharply to 64,000.
Meanwhile, approvals for remortgaging increased 3,200 to 36,600 in November.
The 'effective' interest rate, which is the actual interest paid on newly drawn mortgages increased for the first time since February 2025, to 4.20 percent from 4.17 percent in October, the BoE said.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.