Within the total, the increase in net lending secured on dwellings (£7.3 billion) was stronger than the increase in March and the previous six month average, but the twelve-month growth rate fell to 11.3% from 11.7% in March. The value and number of loans approved for house purchase, remortgaging and for other purposes were all higher than in March.
The increase in consumer credit (£1.3 billion) was the weakest since December 2003. Within this, net credit card lending was the weakest since June 2001, whereas net other loans were broadly in line with the previous six month average.
