LONDON, Jan 2 (Reuters) - Mortgage approvals for house purchase fell to a record low in November, while a separate survey showed credit conditions looked set to tighten further in the next three months, Bank of England said on Friday.

The figures are likely to reinforce expectations the Bank of England will cut interest rates by at least 50 basis points next week from the current 2 percent.

The survey findings will disappoint the government which has pumped 37 billion pounds of taxpayers' money into some of Britain's biggest banks and offered sweeping guarantees to encourage them to lend.

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KEY FIGURES FOR UK CONSUMER CREDIT

NOV OCT FCAST

Consumer credit (bln stg) 0.751 0.754 0.6

Mortgage lending (bln stg) 0.740 0.477 0.5

No. of mortgage approvals (000s) 27 31 32