UK mortgage approvals declined to a 6-month low in September, monthly data from UK Finance showed Wednesday.
The number of loans approved in September fell to 38,505 from 39,241 in August. This was the lowest since March.
Gross mortgage lending across the residential market fell about 1.2 percent from last year to GBP 21.5 billion.
The GBP 10.0 billion of credit card spending in September was 3.4 percent higher than last September.
“Consumers are increasingly choosing to keep cash close to hand, with deposits held in instant access accounts showing steady growth,” Eric Leenders, Managing Director, Personal Finance at UK Finance said.