Mortgage approvals dip and consumer lending falls

Inside: Cheap Personal Loans UK

Mortgage approvals dip and consumer lending falls
LONDON (Reuters) – Mortgage approvals fell to a seven-month low in August and consumers unexpectedly paid back some of their debts, official data showed on Wednesday, in a further sign that the economic recovery may lose momentum.

UK lenders see stable Q4 credit supply, lower defaults – BoE
LONDON (Reuters) – British lenders expect to supply a broadly similar amount of credit in the last three months of 2010 as in the current quarter, and expect default rates to fall, a Bank of England survey showed on Thursday.

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