The Bank Of England (BoE) lending to individuals for June 2011 remains flat. Although the overall lending saw a slight rise by £0.4bn, this was lower that the previous six-month average increase.

Lending remains as flat as a pancake!

The Bank Of England (BoE) lending to individuals for June 2011 remains flat. Although the overall lending saw a slight rise by £0.4bn, this was lower that the previous six-month average increase.

Over the whole year (12 months) the growth rate remained totally unchanged.

Within this the lending secured on Dwellings actually fell in June by £0.1bn in comparison with an actual increase in July and the past 6 month average of £0.8bn.

Again the 12 month growth rate remained unchanged, continuing the flat rate of growth from the view of total value of lending.

However the actual number of loan approvals for house purchase increased in June and was also up on the more accurate previous six-month average figure. The approvals for re-mortgaging also increased in June but were lower than the six-month average.