Total lending to individuals rose by £1.0 billion in November, in line with the previous six-month average. The twelve-month growth rate was unchanged at 0.9% (Table A).
Within total lending, lending secured on dwellings rose by £0.6 billion, less than the previous six-month average of £0.7 billion. The three-month annualised and twelve-month growth rates remained unchanged at 0.7% and 0.6% respectively.
Click on the images below to enlarge
Gross lending secured on dwellings was £12.6 billion in November (Table B), higher than the previous six-month average of £11.7 billion. Repayments in November were £11.6 billion, higher than the previous six-month average of £11.2 billion.
The number of loan approvals for house purchase (52,854) was little changed in November (Table C), and was higher than the previous six-month average (50,266). The number of approvals for remortgaging (31,154) decreased in November, and was lower than the previous six-month average (32,448). The number of approvals for other purposes (20,845) was little changed in November, and was broadly in line with the previous six-month average (20,643).
Consumer credit rose by £0.4 billion in November (Table D), in line with the previous six-month average. The twelve-month growth rate increased by 0.2 percentage points to 2.5%. Within consumer credit, credit card lending was broadly unchanged in November, and other loans and advances rose by £0.4 billion.
Click on the images below to enlarge
Revisions
PDF Version
Notes to Editors
Read more
- Full data on lending to individuals are available in Tables A5.2 - A5.7 of Bank of England Monetary and Financial Statistics; these data are consistent with M4 lending, but are more comprehensive (as they include lending by institutions other than banks and building societies). Further information on the definitions of lending to individuals and calculations of growth rates are shown separately.
- The consumer credit data include input from the Office for National Statistics. Historical data, and additional data not presented here, can be accessed from Table 3.2 of their Financial Statistics Freestanding webpage.
- The Statistical Interactive Database provides long runs of statistical data with comprehensive search options and the ability to download in a variety of formats. The series codes are listed in the tables in this release. The additional tables, shown separately, also illustrate the codes for each series which can be used for downloading long runs from the database.
- Consumer credit consists of credit card lending and other loans and advances. Other loans and advances includes loans made through Government student finance schemes. The Student Loans Company pays maintenance loans directly to students termly and, from academic year 2006/07 onwards, tuition fees to Higher Education Institutions on behalf of students who have taken out tuition fee loans. Such tuition fee loans are made in instalments, mainly paid in February and May. Further information on breaks and valuation in consumer credit data can be found in the notes and definitions and annual statistics covering Government student support schemes can be found on the Student Loans Company Website.
Read less
Comments and Queries
This Statistical Release can be viewed as a complete PDF file. Click on the appropriate heading to access the file. To view these documents for best results you should use Adobe 5.0 or later.
If you have any comments/queries with regard to this release please email us and we will be pleased to help.
Next release date: 31 January 2012