Money and Lending - November 2025
November Sees Rise in Mortgage and Consumer Credit Borrowing
In November, individuals increased their net mortgage borrowing to £4.5 billion, up from £4.2 billion in October, which had previously seen a £1.0 billion decline. The number of new mortgage approvals for home purchases dipped slightly by 500, reaching 64,500 for the month. Conversely, remortgage approvals climbed by 3,200, totaling 36,600 in November.
Consumer credit borrowing also saw an uptick, with net borrowing rising to £2.1 billion in November compared to £1.7 billion in October. Of this amount, credit card borrowing accounted for £1.0 billion, increasing from £0.7 billion the previous month. Other types of consumer credit, such as financing from car dealerships, also contributed to this growth.
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