Bank of England Mortgage Approvals and Lending August 2022

Consumers’ net borrowing of mortgage debt increased to £6.1 billion in August, from £5.1 billion in July. This was above the previous six-month average of £5.9 billion.
Mortgage approvals accelerated to 74,340 in August from 63,740 last month – the highest level since January, reversing the downward trend seen in recent months. This is ahead of the previous six-month average of 66,208.
The number of approvals for re-mortgaging (with a different lender) also increased, rising to 49,395 in August from 48,417 in the previous month.

Source: Bank of England

Annual growth in unsecured lending remained unchanged at 7.0% in August, the highest rate since March 2019.
Consumers borrowed an additional £1.1bn in credit, following £1.5bn of borrowing last month. This is lower than the previous six-month average of £1.4bn.
The additional borrowing was split between £0.7bn on credit cards, unchanged from the previous month, and £0.4bn through other forms of consumer credit (such as car dealership finance and personal loans).
Notably, the annual growth rate of credit card borrowing remained at 12.9%, the highest rate since October 2005.