The increase in total net lending to individuals in August (£8.9 billion) was larger than in July and broadly in line with the previous six month average.
Within the total, the increase in net lending secured on dwellings (£7.6 billion) was stronger than the increase in July and stronger than the previous six month average.
The twelve-month growth rate fell to 10.3 per cent in August from 10.4 per cent in July. The number of loans approved for house purchase was 8,000 higher than in July, and those for remortgaging and those for other purposes were also higher.
The increase in consumer credit (£1.3 billion) was slightly higher than July’s outturn. Within this, net credit card lending was stronger than in July but in line with the previous six month average, while net other loans and advances were weaker than July’s outturn and the previous six month average.
