Net borrowing of mortgage debt by individuals remained unchanged when compared to November at £4.6 billion in December. In December, net mortgage approvals for house purchase fell by 3,100 to 61,000. By contrast, approvals for remortgaging rose by 1,600 to 38,400 in December. Net borrowing of consumer credit by individuals decreased to £1.5 billion in December from £2.1 billion in November. Within this, net borrowing through credit cards was £0.7 billion in December, down from £1.0 billion in November. Net borrowing through other forms of consumer credit (such as car dealership finance and personal loans) decreased ... (full story)