Lending to Individuals
March 2008
The increase in total net lending to individuals in March (£8.2 billion) was below the increase in February and the previous six-month average (Table A). The twelve-month growth rate slowed to 8.7%, and the three-month annualised growth rate slowed by 0.1 percentage points to 7.7%.
Within the total, the increase in net lending secured on dwellings (£6.9 billion) was below the increase in February and the previous six-month average (Table A). The twelve-month growth rate slowed further, to 9.1%. The three-month annualised growth rate also slowed, by 0.4 percentage points to 7.5%. The numbers of loans approved for house purchase (64,000), remortgaging (98,000) and for other purposes (57,000) were all lower than in February and lower than their previous six-month averages (Table B).
The increase in net consumer credit in March (£1.2 billion) was below that in February and below the previous six‑month average (Table A). Net credit card lending rose by £0.4 billion, in line with the increase in February. Net other loans and advances increased by £0.9 billion, lower than the February increase. The annual growth rate of consumer credit rose by 0.2 percentage points to 6.7%; the three-month annualised growth rate rose by 1.4 percentage points to 8.6%.
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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: 2 June 2008
