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:

Gross mortgage lending virtually unchanged in July
Gross mortgage lending in July was an estimated £12.6 billion, according to new data from the Counci...
Although House Prices see falls, Lending is still heading up!
Although some of the House Price Indices have been reporting falls in the average house price, the...
December Property Trends
Rightmove’s December House Price Index revealed the strongest December since 2006 as Rightmove forec...