Lending to Individuals
June 2010

29 July 2010

Total net lending to individuals rose by £0.6 billion in June (Table A).  The twelve-month growth rate was unchanged from a revised 0.8% for May.  The three-month annualised growth rate rose to 0.6% in June, from 0.5% in May.

Within the total, net lending secured on dwellings increased by £0.7 billion (Table A), slightly below the May increase of £0.8 billion and below the previous six-month average of £1.0 billion.  The twelve-month growth rate was unchanged from a revised 0.9% for May. The three-month annualised growth rate increased to 0.7%, from 0.5% in May.  The number of loan approvals for house purchase (47,643) was lower than the May figure (49,461) and below the previous six-month average (50,036).  Approvals for remortgaging (24,949) were lower than in May and also lower than the previous six-month average (26,366), while approvals for other purposes (24,849) were in line with May but below the previous six-month average of 25,069 (Table B).

Consumer credit fell by £0.1 billion in June, below the previous six‑month average of an increase of £0.2 billion and the May increase of £0.3 billion (Table A).  Credit card lending increased by £0.1 billion, slightly below the previous six-month average of £0.2 billion; other loans and advances fell by £0.2 billion, lower than the previous six-month average of £0.0 billion. The annual growth rate of consumer credit fell by 0.1 percentage points to -0.1% and the three-month annualised growth rate fell to 0.1%.
Net lending to individuals

Approvals secured on dwellings

This is a 9.3k graphic chart for growth rates of seasonally adjusted lending secured on dwellings This is a 8.9k graphic chart for growth rates of seasonally adjusted consumer credit.

Click on the above images to enlarge

Tables

Table A - Net lending to individuals

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

PDF Version (11k)

Highs and Lows

PDF Version (11k)

Notes to Editors

Notes and definitions for lending to individuals
Information on growth rates and revisions policy.

Comments and Queries

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Next release date: 31 August 2010

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