Tuesday, November 21, 2006

Credit card borrowing declining in favour of mortgages

Big demand for mortgages as credit card borrowing falls

UK mortgage lending remained robust last month, but consumers' borrowing on credit cards fell for the sixth straight month, industry figures showed yesterday. Seasonally-adjusted figures from the British Bankers' Association showed mortgage lending by the big UK banks rose by a net underlying £5.5bn last month.

Posted by jellycaster @ 06:22 PM (439 views)
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