December borrowing was up 49% on the previous year according to industry figures, with demand for fixed rate mortgages especially prevalent. The surge in new mortgage lending was experienced by bands and building societies alike, with an estimated £17 billion lent during the last month. According to the Council of Mortgage Lenders, gross lending in […]
Credit card lending has fallen by its largest monthly amount in more than five years, figures released by the Bank of England have shown.
Lending to British businesses by UK banks fell at its fastest rate in almost two years in February; figures released by the Bank of England have shown. In its Trends in Lending report, the Bank of England revealed that annual lending to businesses is falling at a rate of 3%. This is compared to the […]