The Bank of England has published its Money and Credit statistics for February 2016.  The publication contains data on broad money and credit, lending to individuals and lending to business.

In summary the statistics for lending to individuals are as follows:

  • Total lending to individuals increased by £4.9 billion in February, in line with the average over the previous six months.
  • Lending secured on dwellings increased by £3.6 billion in February, in line with the average over the previous six months.
  • The number of loan approvals for house purchase was 73,871 in February, compared to the average of 70,991 over the previous six months.  The number of approvals for re-mortgaging was broadly in line with the average over the previous six months.  The number of approvals for other purposes was 12,514, compared to the average of 12,103 over the previous six months.
  • Consumer credit increased by £1.3 billion in February, broadly in line with the average monthly increase over the previous six months.  Within consumer credit, credit card lending increased by £0.02 billion in February, compared to the average monthly increase of £0.4 billion over the previous six months.  Other loans and advances increased by £1.1 billion, broadly in line with the average monthly increase over the previous six months.