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The Bank of England (BoE) released its number of mortgages approvals for the U.K. on Thursday. The number of mortgages approvals in the U.K. was down to 68,874 in September from 70,664 in August, missing expectations for an increase to 72,450. August's figure was revised down from 71,030.
The BoE introduced tighter rules on mortgage lending last year. Lenders have to make more checks on whether borrowers can afford their loans.
Consumer credit in the U.K. rose by £1.261 billion in September, beating expectations for a £1.100 billion increase, after a £1.163 billion gain in August. August's figure was revised up from £0.860 billion.
Net lending to individuals in the U.K. increased by £4.85 billion in September, after a £4.7 billion gain in August. August's figure was revised up from a £4.3 billion increase.
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