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British mortgage approvals declined in September for the first time in four months, but mortgage lending and consumer credit grew at the fastest rate in years, Bank of England data showed on Thursday. The effective rate paid on households’ outstanding time deposits increased by 9bps to 1.59% in September and the rate for households’ new time deposits decreased by 2bps to 1.51% . The effective rate on the stock of outstanding secured loans (mortgages) decreased by 2bps to 3.04% in September and the new secured loan rate was unchanged at 2.57% .  The rate on outstanding unsecured personal loans decreased by 5bps to 6.84% in  September and the new unsecured personal loan rate increased by 1bp to 6.98% .   The credit card rate (all balances) increased to 10.53% , a 12bps increase on the month (see Table A for households’ effective rates). The effective rate paid on private non-financial corporations’ (PNFCs) outstanding time deposits increased by 2bps to 0....