The increase in total net lending to individuals in October (£8.9 billion) was larger than in September and above the previous six month average. The twelve-month growth rate continued to weaken, to 10.2%.
Within the total, the increase in net lending secured on dwellings (£7.6 billion) was larger than in September and the previous six month average. The twelve-month growth rate was unchanged from September at 10.2%.
The number of loans approved for house purchase was 5,000 higher than in September, and those for other purposes were also higher (by 1,000), but those for remortgaging were lower (by 2,000).
The increase in consumer credit (£1.3 billion) was higher than in September. Credit card lending was £0.2 billion higher than in September while other loans and advances were slightly lower. The annual growth rate of consumer credit continued to fall, to 10.5% in October
