Lending to Individuals
May 2008
The increase in total net lending to individuals in May (£5.4 billion) was below the increase in April and the previous six-month average (Table A). The twelve-month growth rate slowed further, to 8.0%, and the three-month annualised growth rate fell by 1.2 percentage points to 5.9%.
Within the total, the increase in net lending secured on dwellings (£4.1 billion) was below the increase in April and the previous six-month average (Table A). The twelve-month growth rate slowed further, to 8.2%. The three-month annualised growth rate fell, by 1.1 percentage points to 5.7%. The numbers of loans approved for house purchase (42,000), remortgaging (90,000) and other purposes (47,000) were all lower than in April (Table B).
The increase in net consumer credit in May (£1.4 billion) was above that in April and above the previous six‑month average (Table A). Net credit card lending rose by £0.6 billion, above the increase in April. Net other loans and advances increased by £0.8 billion, lower than the April increase. The annual growth rate of consumer credit rose by 0.1 percentage points to 7.0%; the three-month annualised growth rate fell by 1.7 percentage points to 6.7%.
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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 July 2008
