Mumbai, Oct. 29 -- Bank of England stated today that net borrowing of mortgage debt by individuals decreased to £3.9 billion in September, from £4.2 billion in August, below the previous 6-month average of £4.9 billion. The annual growth rate for net mortgage lending decreased to 3.4% in September, from 3.6% in August. Net mortgage approvals for house purchases decreased to 53,400 in September, below an average of around 58,800 over the previous 6-months. Approvals for remortgaging increased to 42,600 in September, from 34,000 in August.
Net borrowing of consumer credit by individuals decreased to £1.9 billion in September, from £2.7 billion in August, slightly below the previous 6-month average of £2.1 billio...