Mortgage lending increases as credit card spending declines

While mortgage lending continued to grow in August, credit card borrowing continued to fall back in the month, a new report shows.

Data released by the British Bankers' Association (BBA) indicated that mortgage lending rose by an underlying £6.1 billion over the month.

This was above the previous month's increase of £5.8 billion and the recent monthly average of just £5.4 billion.

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