LONDON (Reuters) - Mortgage approvals for house purchase inched up in September for the first time in more than a year, after hitting a record low hit in August, the Bank of England said on Wednesday.

Mortgage lending last month was more than twice than forecast but that followed a downward revision to August which showed the first net repayment since the series began in 1993.

The figures are unlikely to alter expectations that the Bank of England will cut interest rates next month, following a 50 basis point cut to 4.5 percent this month.

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KEY POINTS

- Weakest rise in consumer credit since February 1994

- August's net secured lending revised down to show first net repayment since series began in 1993

- First rise in mortgage approvals since June 2007

- Biggest annual rise in M4 since January 2008