Lending to Individuals
February 2008
The increase in total net lending to individuals in February (£9.8 billion) was above the increase in January and the previous six-month average (Table A). The twelve-month growth rate slowed to 8.9% but the three-month annualised growth rate increased by 0.1 percentage points to 7.9%.
Within the total, the increase in net lending secured on dwellings (£7.4 billion) was in line with the increase in January but below the previous six-month average (Table A). The twelve-month growth rate slowed to 9.4%. The three-month annualised growth rate also slowed, by 0.2 percentage points to 8.0%. The numbers of loans approved for house purchase (73,000) and remortgaging (111,000) were lower than in January, but those for other purposes (62,000) were higher than in January (Table B).
The increase in net consumer credit in February (£2.4 billion) was above that in January and above the previous six-month average (Table A). Net credit card lending rose by £0.4 billion, above the increase in January. Net other loans and advances increased by £2.0 billion, higher than the January increase. The annual growth rate of consumer credit rose by 0.7pp to 6.6%, and the three-month annualised growth rate rose by 2.0pp to 7.3%.
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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 April 2008
