Approvals up 6% in October: BoE

October saw mortgage approvals rise six per cent, the Bank of England’s Money and Credit data shows. There were 67,500 house purchase approvals in October, worth £12bn, up from 63,600 and £11.2bn in September. There was also a 2 per cent rise in remortgage approvals to 43,500 with a value of £7.6bn, up from 42,600 and £7.4bn in September. The number of approvals for other purposes was 13,427, up on the monthly average of 12,726 for the previous half year. Total lending was £19.9bn in October, up from £19.1m in September.