Lending to Individuals
November 2007
The increase in total net lending to individuals in November (£8.9 billion) was in line with the increase in October and below the previous six-month average (Table A). The twelve-month growth rate fell to 9.5% and the three-month annualised growth rate fell by 0.3 percentage points to 8.6%.
Within the total, the increase in net lending secured on dwellings (£7.8 billion) was above the increase in October but below the previous six-month average (Table A). The twelve-month growth rate fell to 10.2%. The three-month annualised growth rate also fell, by 0.3 percentage points to 8.9%. The numbers of loans approved for house purchase (83,000) and other purposes (60,000) were lower than in October, but those for remortgaging (95,000) were higher than in October (Table B).
The increase in net consumer credit in November (£1.1 billion) was below that in October but in line with the previous six-month average (Table A). Net credit card lending rose by £0.3 billion, above the October increase. Net other loans and advances rose by £0.8 billion, lower than the October increase. The annual and three-month annualised growth rates of consumer credit were the same as in October at 5.7% and 7.0% 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: 30 January 2008
