{"id":432865,"date":"2026-06-29T15:37:45","date_gmt":"2026-06-29T08:37:45","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/uk-mortgage-approvals-fall-back-consumer-credit-growth-holds-up-in-may-432865\/"},"modified":"2026-06-29T15:37:45","modified_gmt":"2026-06-29T08:37:45","slug":"uk-mortgage-approvals-fall-back-consumer-credit-growth-holds-up-in-may","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/uk-mortgage-approvals-fall-back-consumer-credit-growth-holds-up-in-may-432865\/","title":{"rendered":"UK mortgage approvals fall back, consumer credit growth holds up in May"},"content":{"rendered":"<div>\n<ul>\n<li>Mortgage approvals 56.205k vs 62.900k expected<\/li>\n<li>Prior 65.945k; revised to 66.034k<\/li>\n<\/ul>\n<p class=\"text-align-justify\">UK mortgage approvals fell off by quite a bit last month, with net borrowing of mortgage debt by individuals also seen decreasing to \u00a32.9 billion in May &#8211; down from \u00a34.4 billion in April. This was below the previous 6-month average of \u00a35.1 billion, and the lowest since May 2025 (\u00a31.9 billion).<\/p>\n<p class=\"text-align-justify\">As for net borrowing of consumer credit by individuals, that remained largely unchanged in May at \u00a31.7 billion. However, that continues to also hold below the previous 6-month average of \u00a31.9 billion.<\/p>\n<p class=\"text-align-justify\">That said, the annual growth rate for all consumer credit was 8.9% in May, up from 8.7% in April. The breakdown shows the annual growth rate for credit card borrowing increasing to 12.1% from 11.8%. Meanwhile, the annual growth rate for other forms of consumer credit increased to 7.5% from 7.4% previously.<\/p>\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mortgage approvals 56.205k vs 62.900k expected Prior 65.945k; revised to 66.034k UK mortgage approvals fell off by quite a bit last month, with net borrowing of mortgage debt by individuals also seen&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-432865","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/432865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=432865"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/432865\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=432865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=432865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=432865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}