The increase in total net lending to individuals in July (£7.7 billion) was lower than in June and lower than the previous six month average.
Within the total, the increase in net lending secured on dwellings (£6.5 billion) was weaker than the increase in June and weaker than the previous six month average. The twelve-month growth rate fell to 10.4% in July, from 10.8% in June. The number of loans approved for house purchase was slightly higher than in June; while those for remortgaging were also higher, but those for other purposes were lower.
The increase in consumer credit (£1.2 billion) was weaker than June’s outturn (Table A). Within this, both net credit card lending and net other loans were weaker than in June and their respective previous six month averages.'
