Lending to Individuals
January 2008
The increase in total net lending to individuals in January (£8.4 billion) was below the increase in December and the previous six-month average (Table A). The twelve-month growth rate fell to 9.1% and the three-month annualised growth rate fell by 0.4 percentage points to 7.7%.
Within the total, the increase in net lending secured on dwellings (£7.4 billion) was also below the increase in December and the previous six-month average (Table A). The twelve-month growth rate fell to 9.7%. The three-month annualised growth rate also fell, by 0.2 percentage points to 8.2%. The numbers of loans approved for house purchase (74,000), remortgaging (119,000) and for other purposes (60,000) were all higher than in December (Table B).
The increase in net consumer credit in January (£0.9 billion) was above that in December but below the previous six-month average (Table A). Net credit card lending rose by £0.1 billion, below the increase in December. Net other loans and advances increased by £0.8 billion, higher than the December increase. The annual growth rate of consumer credit rose by 0.1pp to 5.9%, but the three-month annualised growth rate fell by 1.4pp to 5.2%.
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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: 2 April 2008
