Bank of England sees fall in property related lending

The Bank of England’s November 2012 Lending Data shows that Lending secured on Property (or Dwellings) fell by £0.2 billion. This is in comparison to the previous 6 month average increase of £0.2billion.

The actual gross lending secured on dwellings was £11.6 billion – as opposed to £11.5 billion reported in the previous 6 months average. Repayments were £11.3 billion.

The number of loan approvals for house purchase increased to 54,036 and was higher than the previous six-month average of 49,206. The number of approvals for remortgaging on the other hand decreased to 28,632, yet was still above the previous 6 month average of 27,240.

Alec Hanson



Related posts:

Use a Purchase Option to Lock in a Discounted Price
You can use a purchase option to lock in a discounted price. This means you are protecting the time...
Bank of England Maintains Base Rate
The Bank of England has voted to maintain the official Bank Rate at 0.5%, which is no major surprise...
A Picture of UK Debt: How to Keep Yourself Out of the Red
Although the recession is over, it’s clear to see that individuals (as well as businesses) across th...