The twelve-month growth rate ticked up by 0.1% to 0.9%. The three-month annualised growth rate increased to 0.4%. Within total secured lending, secured lending by banks (excluding the effects of securitisations) increased by £2.7 billion, above the £2.3 billion increase in July and in line with the six-month average of £2.6 billion.
The number of loan approvals for house purchase (52,317) was in line with the July figure and above the previous six-month average, whereas approvals for remortgaging (29,059) were below the July figure of 33,880 and lower than the previous six-month average.
