Lending to Individuals
September 2008
The increase in total net lending to individuals in September (£2.4 billion) was above the increase in August, but below the previous six-month average (Table A). The twelve-month growth rate slowed further, to 5.4%, and the three-month annualised growth rate fell by 0.4 percentage points to 1.9%.
Within the total, the increase in net lending secured on dwellings (£2.2 billion) was stronger than the decline in August (revised from a £0.1 billion increase published previously), but weaker than the previous six-month average (Table A). The twelve-month growth rate slowed further, to 5.3%. The three-month annualised growth rate fell by 0.2 percentage points to 1.5%. The numbers of loans approved for house purchase (33,000) and remortgaging (72,000) were higher than in August, but that for other purposes (37,000) was lower than in August (Table B).
The increase in net consumer credit in September (£0.3 billion) was below that in August and below the previous six‑month average (Table A). Net credit card lending rose by £0.3 billion, below the increase in August. Net other loans and advances fell slightly in September. The annual growth rate of consumer credit slowed by 0.7 percentage points, to 6.0%; the three-month annualised growth rate fell by 1.5 percentage points, to 3.9%.
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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: 1 December 2008
