The Bank of England total lending to individuals (excluding student loans) rose by £1.7 billion in December, compared to the previous six-month average increase of £0.5 billion. The twelve-month growth rate was 0.7%.
The Bank of England total lending to individuals (excluding student loans) rose by £1.7 billion in December, compared to the previous six-month average increase of £0.5 billion. The twelve-month growth rate was 0.7%.
Lending secured on dwellings rose by £1.0 billion, compared to the previous six-month average increase of £0.4 billion. The three-month annualised growth rate was 0.4% and the twelve-month growth rate was 0.6%.
Gross lending secured on dwellings was £12.4 billion in December, compared to the previous six-month average of £11.7 billion. Repayments in December were £11.9 billion, compared to the previous six-month average of £11.2 billion.
The number of loan approvals for house purchase (55,785) increased in December and was higher than the previous six-month average (50,058). The number of approvals for remortgaging (28,196) decreased slightly in December but was still above the previous six-month average (27,301). The number of approvals for other purposes rose slightly in December (14,640) and remained below the previous six-month average (15,471).
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