Lending to Individuals
January 2007
The increase in total net lending to individuals in January (£10.6 billion) was lower than that in December (£11.3 billion) and lower than the previous six-month average (Table A). The twelve-month growth rate fell by 0.1 percentage points to 10.5%.
Within the total, the increase in net lending secured on dwellings (£9.6 billion) was below the increase in December but in line with the previous six-month average (Table A). The twelve-month growth rate was unchanged from December at 11.5%. The three-month annualised growth rate fell by 0.3 percentage points to 11.8%. The numbers of loans approved for house purchase (120,000), remortgaging (104,000) and other purposes (81,000) were all higher than in December (Table B).
The increase in net consumer credit in January (£1.1 billion) was slightly higher than the increase in December (Table A). There was a very small increase in credit card lending in January, compared with a £0.2 billion increase in December. Net other loans and advances rose by £1.0 billion (higher than the increase of £0.8 billion in December). The annual growth rate of consumer credit continued to fall, to 6.0% in January, and the three-month annualised growth rate fell by 0.2 percentage points to 6.3%.
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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 March 2007
