On 29 February 2016, the Bank of England (BoE) published a statistical release on Money and Credit in January 2016. The publication contains data on broad money and credit, lending to individuals and lending to businesses.

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

  • Total lending to individuals increased by £5.3 billion in January, compared to the average monthly increase of £4.7 billion over the previous six months.
  • Lending on secured dwellings increased by £3.7 billion in January in comparison to £3.2 billion the previous month.
  • The number of loan approvals for house purchases increased by 4,060 to a figure of 74,851 in January 2016, from the previous month.
  • Consumer credit increased by £1.6 billion compared to the average monthly increase of £1.3 billion over the previous six months.