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However, total mortgage lending plummeted from £2billion to £0.7billion, the lowest level since April 2016, as mortgage rates remain significantly higher than a year ago.
Some 35,600 mortgages were approved for house purchase, which was the lowest total since May 2020, according to Bank of England figures.
Credit card applications also went up by 17% as household budgets were squeezed, according to data from the Bank of England.
Bank of England survey shows lenders expect steep rise in borrowers failing to make monthly repayments
Credit card applications also went up by 17% as household budgets were squeezed, according to data from the Bank of England.