Bank of England reports small increase in lending

Bank of England Money & Credit StatsThe Bank of England March 2013 Lending to Individuals, now subsumed within their Money and Credit statistical report, reports that lending secured on dwellings increased by £0.4 billion.

This compares to the average monthly increase of £0.6 billion over the previous 6 months.

Further key information:

  • The gross lending on dwellings was therefore £12.5 billion and on repayments was £12.7 billion, with both the 3 month annualised and 12 month growth rates being 0.5%.
  • The number of loan approvals for house purchase was 53,504 in March, compared to the average of 53,113 over the previous six months.
  • The number of approvals for remortgaging was 30,088 compared to the average of 28,028 over the previous six months.
  • The number of approvals for other purposes was 13,279 compared to the average of 14,390 over the previous six months
Alec Hanson

Related posts:

Council of Mortgage Lenders See a decline in lending
The Council of Mortgage Lenders (CML) have seen a decline in the gross mortgage lending in September...
House purchase lending in London slowed in fourth quarter, says CML
New CML data on the characteristics of lending in Greater London in the fourth quarter of 2014 show ...
CML figures show buy to let advances down 13% from January
The latest figures from the Council of Mortgage Lenders shows gross buy-to-let advances in February ...