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Home > Statistics > Lending to Individuals - July 2012
 

Lending to Individuals - July 2012

30 August 2012
 
Please note that the consumer credit data contained within this and forthcoming lending to individuals statistical releases exclude student loans data.  Please see Notes to Editors 5.
 
Total lending to individuals (excluding student loans) rose by £0.9 billion in July, compared to the previous six-month average increase of £0.8 billion. The twelve-month growth rate was unchanged at 0.7% (Table A).
 
Within total lending, lending secured on dwellings rose by £1.1 billion, compared to the previous six-month average increase of £0.8 billion. The three-month annualised growth rate was unchanged at 0.5% whilst the twelve-month growth rate was unchanged at 0.8%.
 
Table A: Lending to individuals
 
Click on the images below to enlarge

Link to chart 1: Growth rates of lending secured on dwellings (seasonally adjusted) Link to chart 2: Growth rate of lending secured on dwellings long-run (seasonally adjusted)
 
 
Gross lending secured on dwellings was £11.5 billion in July (Table B), compared to the previous six-month average of £12.1 billion.  Repayments in July were £10.9 billion, compared to the previous six-month average of £11.5 billion.
 
 
 
Table B: Gross lending to individuals
 
Link to chart 3: Gross monthly lending and repayments secured on dwellings (seasonally adjusted)

Link to chart 4: Total monthly number of approvals of loans secured on dwellings (seasonally adjusted)

 
The number of loan approvals for house purchase (47,312) increased in July (Table C) but was lower than the previous six-month average (50,729). The number of approvals for remortgaging (25,273) also increased in July and was lower than the previous six-month average (28,649). The number of approvals for other purposes similarly rose in July (15,778) and was below the previous six-month average (18,035).
 
Table C: Approvals of loans secured on dwellings

Please note that the consumer credit data contained within this and forthcoming lending to individuals statistical releases exclude student loans data.  Please see Notes to Editors 5.
  
Consumer credit (excluding student loans) decreased by £0.2 billion in July (Table D), compared to the previous six-month average of £0.0 billion. The twelve-month growth rate was -0.6%.  Within consumer credit (excluding student loans), credit card lending decreased by £0.1 billion and other loans and advances decreased by £0.1 billion.
  
Table D: Consumer credit

 
Click on the images below to enlarge
 
Link to chart 5: Growth rates of consumer credit (seasonally adjusted)

Link to chart 6: Growth rate of consumer credit long-run (seasonally adjusted)

Link to chart 7: Growth rates of credit card lending (seasonally adjusted)
Link to chart 8: Growth rates of other loans and advances (seasonally adjusted)

 

 

Revisions

 

Highs and Lows

PDF Version (13KB)

 

Notes to Editors

 

 

  1. 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.
  2. 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.
  3. 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.
  4. Consumer credit consists of credit card lending and other loans and advances.  Further information on breaks and valuation   in consumer credit data can be found at: www.bankofengland.co.uk/statistics/Pages/iadb/notesiadb/ltoi.aspx.
  5. Consumer credit data in this statistical release exclude student loans data. Further information can be found in Bankstats, July 2012, “A new measure of consumer credit”, available at www.bankofengland.co.uk/statistics/Documents/ms/articles/art1jul12.pdf.
 

 Information on growth rates and revisions policy.

 

 

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Next release date: 01 October 2012

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