Lending to Individuals
October 2007
The increase in total net lending to individuals in October (£8.8 billion) was below the increase in September and the previous six-month average (Table A). The twelve-month growth rate fell to 9.7% and the three-month annualised growth rate fell by 0.5 percentage points to 8.9%.
Within the total, the increase in net lending secured on dwellings (£7.3 billion) was below the increase in September and the previous six-month average (Table A). The twelve-month growth rate fell to 10.5%. The three-month annualised growth rate also fell, by 0.7 percentage points to 9.2%. The numbers of loans approved for house purchase (88,000), remortgaging (87,000) and other purposes (61,000) were all lower than in September (Table B).
The increase in net consumer credit in October (£1.4 billion) was above the increase in September and the previous six-month average (Table A). Net credit card lending rose by £0.2 billion, below the September increase. Net other loans and advances rose by £1.2 billion, higher than the September increase. The annual growth rate of consumer credit increased by 0.2 percentage points to 5.8% and the three-month annualised growth rate also increased, by 0.5 percentage points to 7.3%.
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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: 4 January 2008
