Total net lending to individuals rose by £0.3 billion in October (Table A). The twelve-month growth rate fell to 0.7%, and the three-month annualised growth rate increased 0.3 percentage points to 0.5%.
Within the total, net lending secured on dwellings increased by£0.9 billion (Table A), in line with the September increase and above the previous six-month average of £0.6bn. The twelve-month growth rate was unchanged, at 0.8%. The three-month annualised growth rate increased 0.4 percentage points to 1.0%. Within total secured lending, secured lending by banks (excluding the effects of securitisations) increased by £3.1 billion, slightly below the September increase (£3.3bn) but above the six-month average of £2.6bn. The number of loan approvals for house purchase (57,345) was above the September figure (56,205) and above the previous six-month average, whereas approvals for remortgaging (24,596) were below both the September figure and the previous six-month average. The number of loans approved for other purposes (29,195) was higher than in September and higher than the previous six-month average (Table B).
Consumer credit fell by a net £0.6 billion, below the previous six‑month average of -£0.1bn (Table A). Credit card lending increased by £0.1 billion and other loans and advances fell by £0.7 billion. The annual growth rate of consumer credit continued to fall, to -0.1%; the three-month annualised growth rate fell to -2.2%.
Click on the above images to enlarge
Revisions to Table A
Highs and Lows
Notes to Editors
Comments and Queries
This Statistical Release can be viewed as a complete PDF file or in sections. Click on the appropriate heading to access the file. To view these documents for best results you should use the latest Adobe 5.0 Reader.
If you have any comments/queries with regard to this release please email us and we will be pleased to help.
Next release date: 4 January 2010