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Net Lending to Individuals higher in June

Monday, Jul 31 2017
Net Lending to Individuals higher in June

Net secured lending ticked up to £4.1 billion in June, slightly above its recent average. Approvals for house purchase were little changed in June at 64,684, around 4,000 lower than in January. Approvals for remortgaging ticked up to 44,548 in June, similar to numbers seen earlier in the year. The flow of consumer credit fell slightly to £1.5 billion in June, and the annual growth rate ticked down to 10.0%.

Broad money increased by £9.0 billion in June. Within this, households' money increased by £5.8 billion following a particularly weak flow in May. Private non-financial corporations’ (PNFCs’) money increased by £4.7 billion, well above its recent average. In contrast, flows for non-intermediate other financial corporations (NIOFCs) were lower.

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