Read our Privacy noticeThe number of mortgage approvals made to home buyers dipped in August, according to Bank of England figures. Richard Donnell, executive director at Zoopla, said: “It appears that higher borrowing costs and broader economic uncertainty are prompting a pause for reflection among home buyers. Within the figure, net borrowing through credit cards slightly decreased, while net borrowing through other forms of consumer credit, such as car dealership finance and personal loans, slightly increased. This followed net borrowing of £5.3 billion in July. The annual growth rate of borrowing by big businesses increased to 8.6% in August, from 8.1% in July.