Lending to Individuals February 2007

29 March 2007

The increase in total net lending to individuals in February (£11.2 billion) was higher than that in January (£10.5 billion) and the previous six-month average (Table A).  The twelve-month growth was unchanged from January at 10.5%. 

Within the total, the increase in net lending secured on dwellings (£10.3 billion) was higher than the increase in January and the previous six-month average (Table A).  The twelve-month growth rate was higher than in January at 11.6%.  The three-month annualised growth rate was unchanged from January at 11.8%.  The number of loans approved for house purchase (119,000) was in line with January while that for remortgaging (116,000) was higher and that for other purposes (76,000) was lower than in January (Table B).

The increase in net consumer credit in February (£0.9 billion) was slightly lower than the increase in January (Table A). The rise in net credit card lending (of £0.2 billion)was higher thanin January.  Net other loans and advances rose by £0.7 billion, below the increase of £1.0 billion in January.  Both the annual growth rate and the three-month annualised growth rate of consumer credit continued to fall, by 0.3 percentage points to 5.5% and 5.6% respectively.

Net lending to individuals

Approvals secured on dwellings

This is a 9.3k graphic chart for growth rates of seasonally adjusted M4 This is a 8.9k graphic chart for growth rates of seasonally adjusted M4

Click on the above images to enlarge

Tables

Table A - Net lending to individuals

PDF Version (11k)
Microsoft Excel Version (20k)
Table B - Approvals secured on dwellings
PDF Version (10k)
Microsoft Excel Version (20k)
Table C - Total lending to individuals, lending secured on dwellings and consumer credit
PDF Version (20k)
Microsoft Excel Version (52k)

Revisions

Revisions to Table A (11k)

Notes to Editors

Notes and definitions for lending to individuals
Information on growth rates and revisions policy.

Comments and Queries

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Next release date: 2 May 2007

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