Household Borrowing Monitor (Jan.)

January’s UK money and credit figures showed that mortgage approvals have continued on their upward trend, after the lull around last year’s EU referendum, and that consumers may be becoming a little more cautious about borrowing. The number of mortgages approved for new house purchase jumped up from an upwardlyrevised 68,266 in December to 69,928 in January, above the consensus expectation of an increase to 68,650. Not only was this the fifth monthly rise in a row but it