Data Protection Policy
Mortgage lending increases - just!
Total net lending to individuals rose by £0.4 billion in April. The twelve-month growth rate was unchanged from a revised 0.8% for March. The three-month annualised growth rate was also 0.8% in April, a 0.3 percentage points decrease from March.
The three-month annualised growth rate fell to 0.8%, from 1.1% in March. The number of loan approvals for house purchase (49,871) was higher than the March figure (49,008) but below the previous six-month average (53,098).
Hardly surprising the increase has not been dramatic with the election, Ash clouds, strikes, Greek tragedy et al, lets hope the BP leak gets plugged soon!
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