Total net lending to individuals rose by £0.4 billion in April (Table A). The twelve-month growth rate was unchanged from a revised 0.8% for March. The three-month annualised growth rate was also 0.8% in April, a 0.3 percentage points decrease from March.
Within the total, net lending secured on dwellings increased by £0.5 billion (Table A), stronger than the March rise of £0.2 billion but below the previous six-month average of £1.3 billion. The twelve-month growth rate fell to 0.9%. The three-month annualised growth rate fell to 0.8%, from 1.1% in March. The number of loan approvals for house purchase (49,871) was higher than the March figure (49,008) but below the previous six-month average (53,098). Approvals for remortgaging (26,295) were lower than in March but in line with the previous six-month average (26,203), while approvals for other purposes (24,823) were also lower than in March and below the previous six-month average of 26,212 (Table B).
Consumer credit fell by £0.1 billion in April, below the previous six‑month average and the March increase of £0.1 billion (Table A). Credit card lending increased by £0.2 billion, in line with the previous six-month average; other loans and advances fell by £0.3 billion, lower than the previous six-month average of a £0.2bn decrease. The annual growth rate of consumer credit fell by 0.2 percentage points to -0.1% and the three-month annualised growth rate fell to 0.7%, from 1.3% in March.
Click on the above images to enlarge
Tables
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: 29 June 2010
