Lending to Individuals
November 2008
The increase in total net lending to individuals in November (£1.5 billion) was higher than the October increase, but below the previous six-month average (Table A). The twelve-month growth rate slowed further, to 4.1%, and the three-month annualised growth rate ticked up by 0.1 percentage points to 1.3%.
Within the total, the increase in net lending secured on dwellings (£0.7 billion) was higher than the October increase, but below the previous six-month average (Table A). The twelve-month growth rate slowed further, to 3.9%. The three-month annualised growth rate ticked up by 0.2 percentage points to 0.9%. The numbers of loans approved for house purchase (27,000), remortgaging (42,000) and for other purposes (32,000) were all lower than in October and lower than their previous six-month average, (Table B).
The increase in net consumer credit in November (£0.8 billion) was in line with the October increase, but below the previous six‑month average (Table A). Net credit card lending and net other loans and advances each rose by £0.4 billion, both in line with their October increase. The annual growth rate of consumer credit continued to slow, to 5.2%; the three-month annualised growth rate slowed by 0.4 percentage points, to 3.2%.
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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 2009
