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Home > Statistics > Lending to Individuals - November 2012
 

Lending to Individuals - November 2012

 
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  • Highs and Lows
  • Notes to Editors
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  •  
    Total lending to individuals (excluding student loans) fell by £0.1 billion in November, compared to the previous six-month average increase of £0.4 billion. The twelve-month growth rate was 0.5% (Table A).
    Within total lending, lending secured on dwellings fell by £0.2 billion, compared to the previous six-month average increase of £0.3 billion.  The three-month annualised growth rate was unchanged at 0.1% and the twelve-month growth rate was 0.6%.
    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 £11.6 billion in November (Table B), compared to the previous six-month average of £11.5 billion.  Repayments in November were £11.3 billion, compared to the previous six-month average of £11.2 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 (54,036) increased in November (Table C) and was higher than the previous six-month average (49,206). The number of approvals for remortgaging (28,632) decreased slightly in November but was still above the previous six-month average (27,240). The number of approvals for other purposes also decreased in November (14,295) and remained below the previous six-month average (15,893).
 
Table C: Approvals of loans secured on dwellings
 
Consumer credit (excluding student loans) increased by £0.1 billion in November (Table D), in line with the previous six-month average. The twelve-month growth rate was 0.0%.  Within consumer credit, credit card lending increased by £0.2 billion whereas 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

 

 
 PDF Version (10KB)
 
Highs and Lows

 

 
 
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: www.ons.gov.uk/ons/index.html.
  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.

Comments and Queries

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Next release date: 30 January 2013

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