Total lending to individuals grew by £8.6 billion or 0.8% in December, seasonally adjusted, £0.8 billion stronger than the increase in November. The three-month (annualised) growth rate fell to 10.0% from 10.4% (10.3%) in November, while the twelve-month growth rate fell to 12.8% from 13.1%.
Secured lending grew by £7.1 billion or 0.8% in December, seasonally adjusted, £0.6 billion stronger than the increase in November. The three-month (annualised) growth rate fell to 10.0% from 10.4% (10.2%) in November, while the twelve-month growth rate fell to 13.0% from 13.4% in November. Gross advances were £0.2 billion weaker at £21.0 billion. The value of all loans approved was £20.9 billion, £1.0 billion stronger than in November but in line with the average in the three months to November. The number of loans approved for house purchase in December was 83,000, seasonally adjusted, compared with the average of 84,000 in the three months to November.
Consumer credit grew by £1.5 billion or 0.8% in December, seasonally adjusted, £0.2 billion stronger than the increase in November. The three-month (annualised) growth rate fell to 10.1% from 10.4% in November but the twelve-month growth rate rose to 12.1% from 11.7% in November. Gross advances were £18.1 billion, £0.5 billion weaker than the average in the three months to November.
