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The Bank of England (BoE) released its number of mortgages approvals for the U.K. on Monday. The number of mortgages approvals in the U.K. was up to 69,630 in October from 69,012 in September, missing expectations for an increase to 70,000. September's figure was revised up from 68,874.
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 £1.178 billion in October, missing expectations for a £1.300 billion increase, after a £1.303 billion gain in September. September's figure was revised down from £1.261 billion.
Net lending to individuals in the U.K. increased by £4.8 billion in October, after a £4.85 billion gain in September.
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