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:

Gross lending up a massive 21%
After a slow start to the year and continued concerns over the housing market, it is positive ne...
Average House Price in the UK change little in 2011
The recent House Price Index from Halifax has shown just how house prices on average have changed li...
Construction PMI continues to shows expansion
The construction PMI update today showed that house building activity has grown for a 15th straight ...