Lending to Individuals
December 2007
The increase in total net lending to individuals in December (£9.1 billion) was below the increase in November and the previous six-month average (Table A). The twelve-month growth rate fell to 9.3% and the three-month annualised growth rate fell by 0.6 percentage points to 8.3%.
Within the total, the increase in net lending secured on dwellings (£8.6 billion) was above the increase in November but below the previous six-month average (Table A). The twelve-month growth rate fell to 10.0%. The three-month annualised growth rate also fell, by 0.4 percentage points to 8.7%. The numbers of loans approved for house purchase (73,000) and for other purposes (56,000) were lower than in November, but those for remortgaging (97,000) were higher (Table B).
The increase in net consumer credit in December (£0.6 billion) was below that in November and below the previous six-month average (Table A). Net credit card lending rose by £0.3 billion, slightly below the increase in November. Net other loans and advances also rose by £0.3 billion, £0.6 billion lower than the November increase. The annual and three-month annualised growth rates of consumer credit fell by 0.3pp to 5.7% and 1.6pp to 6.3% respectively.
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PDF Version (11k) |
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Microsoft Excel Version (20k) |
| Table B - Approvals secured on dwellings | |
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PDF Version (10k) |
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Microsoft Excel Version (20k) |
| Table C - Total lending to individuals, lending secured on dwellings and consumer credit | |
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PDF Version (20k) |
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Microsoft Excel Version (52k) |
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Revisions to Table A (11k) |
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Notes and definitions for lending to individuals |
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Information on growth rates and revisions policy. |
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Next release date: 29 February 2008
