Lending to Individuals
October 2008
The increase in total net lending to individuals in October (£1.3 billion) was lower than the September increase and the previous six-month average (Table A). The twelve-month growth rate slowed further, to 4.7%, and the three-month annualised growth rate fell by 0.8 percentage points to 1.2%..
Within the total, the increase in net lending secured on dwellings (£0.5 billion) was lower than the September increase and the previous six-month average (Table A). The twelve-month growth rate slowed further, to 4.5%. The three-month annualised growth rate fell by 0.8 percentage points to 0.7%. The numbers of loans approved for house purchase (32,000) and for other purposes (34,000) were lower than in September. The number of approvals for remortgaging (72,000) was higher than in September (Table B).
The increase in net consumer credit in October (£0.8 billion) was higher than that in September, but below the previous six‑month average (Table A). Net credit card lending rose by £0.4 billion, above the increase in September. Net other loans and advances rose by £0.4 billion in October, also above the September increase. The annual growth rate of consumer credit slowed by 0.5 percentage points, to 5.5%; the three-month annualised growth rate slowed by 0.1 percentage points, to 4.0%. .
 |
 |
 |
 |
Click on the above images to enlarge
 |
PDF Version (11k) |
 |
Microsoft Excel Version (20k) |
| Table B - Approvals secured on dwellings | |
|
PDF Version (10k) |
|
Microsoft Excel Version (20k) |
| Table C - Total lending to individuals, lending secured on dwellings and consumer credit | |
|
PDF Version (20k) |
|
Microsoft Excel Version (52k) |
|
Revisions to Table A (11k) |
 |
Notes and definitions for lending to individuals |
|
Information on growth rates and revisions policy. |
This Statistical Release can be viewed as a complete PDF file or in sections. Click on the appropriate heading to access the file. To view these documents for best results you should use the latest Adobe 5.0 Reader.
If you have any comments/queries with regard to this release please email us and we will be pleased to help.
Next release date: 2 January 2009
