Lending to Individuals
July 2008
The increase in total net lending to individuals in July (£4.3 billion) was above the increase in June, but below the previous six-month average (Table A). The twelve-month growth rate slowed further, to 6.9%, and the three-month annualised growth rate fell by 0.8 percentage points to 3.8%.
Within the total, the increase in net lending secured on dwellings (£3.2 billion) was above the increase in June, but below the previous six-month average (Table A). The twelve-month growth rate slowed further, to 6.9%. The three-month annualised growth rate fell by 1.0 percentage points to 3.4%. The numbers of loans approved for house purchase (33,000) and remortgaging (69,000) were lower than in June, but the number of approvals for other purposes (43,000) was the same as in June (Table B).
The increase in net consumer credit in July (£1.1 billion) was above that in June, but below the previous six‑month average (Table A). Net credit card lending rose by £0.3 billion, below the increase in June. Net other loans and advances increased by £0.8 billion, above the June increase. The annual growth rate of consumer credit slowed by 0.1 percentage points to 6.8%; the three-month annualised growth rate rose by 0.1 percentage points to 6.1%.
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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 September 2008
