Individuals borrowed, on net, £1.2 billion of mortgage debt in May, down from £2.2 billion in April. Net mortgage approvals for house purchases fell from 60,800 in April to 60,000 in May, while approvals for remortgaging decreased slightly from 29,900 to 29,600 over the same period. Net consumer credit borrowing bounced back in May to £1.5 billion, after a fall in April of £0.6 billion to £0.8 billion. Private non-financial corporations (PNFCs) raised, on net, £3.9 billion of finance in May. This was driven by PNFCs issuing a net £4.9 billion of equity. This was the first positive net equity issuance since September ... (full story)