British banks approved more mortgages last month after the number of approvals fell to a 19-month low in August, while consumer lending grew at its fastest rate in nearly a decade, industry figures showed on Wednesday.
The British Bankers’ Association said its members approved 38,252 mortgages for house purchase in September, down 15 percent on a year earlier but up from 37,241 in August, which was the lowest level since January 2015.
“Mortgage approvals picked up slightly this month but the housing market continues to shows signs of underlying weakness,” BBA chief economist Rebecca Harding said.
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