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koala_bear

Bba Lastest Figures

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BBA statistics director, David Dooks said:

"The high street banks have provided almost three-quarters of all new mortgage lending during the last two years when the mortgage market has been very subdued."

"Overall companies' appetite for finance remains low, reflecting business decisions in difficult trading conditions – new finance made available to one company is simply being offset by debt repayment from another."

"Demand for borrowing from both households and companies continues to be weak reflecting the slow growth in the economy."

Annual growth of the banks' net mortgage lending was 1.7% in July, remaining ahead of the 0.7% for the whole mortgage market in June.

Unsecured credit contracted by 1.1% over the past year and personal deposits rose by 3.8%. In the first seven months of 2011 deposits and savings have increased by only £8.6bn compared with £16.3bn in the same period of 2010.

Gross mortgage lending of £7.6bn in July was similar to June's total and 8% lower than in July 2010.

With the continuing weakness in both house purchase and remortgaging approvals, gross mortgage lending is largely stable. With repayments continuing at a fairly high level, net mortgage lending increased by just £0.9bn in July.

House purchase approvals were higher than in June and slightly higher than in July 2010. The average value (£151,500) was 2% higher than a year earlier.

The number of remortgage approvals in July was higher than in June and 14% higher than July 2010.

Reports suggest that remortgaging may have been stimulated by some growth in the buy-to-let market.

Approvals for equity withdrawal continue to be stable, as homeowners use the historic appreciation in the value of their homes as security for borrowing.

Retail sales continue to grow very slowly and consequent demand from consumers for unsecured borrowing remains weak. Repayment of loan and overdraft borrowing continues to outweigh new lending.

Borrowing on cards has expanded, but only slowly over the past two years (and largely relates to the interest added to accounts, because monthly spending is regularly more than offset by repayments).

In the non-financial company sector, debt repayment was matched by new borrowing in July, although overall demand remained weak.

*From January 2011 definitional changes to categories led to some series breaks. For comparative purposes, 'property related' covers real estate activities & building development, 'construction' covers all construction activities except building development.

average of six months prior to

All figures are seasonally adjusted unless otherwise specified as (nsa)

amounts outstanding (nsa)

Mortgages (secured)

net mortgage lending

Jul 2011 + £ 0.9 bn

Jun 2011 + £ 0.5 bn

6m avg. + £ 0.9 bn

amounts outstanding (nsa) £ 761.2 bn

gross mortgage lending

Jul 2011 £ 7.6 bn

Jun 2011 £ 7.6 bn

6m avg. £ 7.8 bn

value of mortgage approvals

Jul 2011 £ 8.7 bn

Jun 2011 £ 8.3 bn

6m avg. £ 7.9 bn

house purchase

Jul 2011 £ 4.9 bn

Jun 2011 £ 4.7 bn

Jul 2011 £ 4.4 bn

re-mortgage

Jul 2011 £ 3.4 bn

Jun 2011 £ 3.2 bn

Jul 2011 £ 3.1 bn

equity withdrawal & other purposes

Jul 2011 £ 0.5 bn

Jun 2011 £ 0.4 bn

6m avg. £ 0.4 bn

number of mortgage approvals

Jul 2011 74,590

Jun 2011 71,521

6m avg. 69,803

house purchase

Jul 2011 33,417

Jun 2011 32,123

6m avg. 30,695

re-mortgage

Jul 2011 26,043

Jun 2011 24,311

6m avg. 23,921

equity withdrawal & other purposes

Jul 2011 15,130

Jun 2011 15,087

6m avg. 15,186

average approval value (nsa)

house purchase

Jul 2011 £ 151,500

Jun 2011 £ 149,700

6m avg. £ 144,000

re-mortgage

Jul 2011 £ 131,200

Jun 2011 £ 132,300

6m avg. £ 127,000

equity withdrawal & other purposes

£ 29,800

Jun 2011 £ 29,300

6m avg. £ 29,000

Consumer credit (unsecured)

net consumer credit lending

Jul 2011 + £ 0.1 bn

Jun 2011 - £ 0.1 bn

6m avg. - £ 0.1 bn

amounts outstanding (nsa) £ 88.0 bn

credit cards

net credit card lending

Jul 2011 + £ 0.3 bn

Jun 2011 + £ 0.1 bn

6m avg. + £ 0.1 bn

amounts outstanding (nsa) £ 35.8 bn

new spending

Jul 2011 £ 7.0 bn

Jun 2011 £ 6.9 bn

6m avg. £ 6.9 bn

repayments

Jul 2011 £ 7.1 bn

Jun 2011 £ 7.1 bn

6m avg. £ 7.1 bn

number of purchases

Jul 2011 115.1 mn

Jun 2011 113.3 mn

6m avg. 113.3 mn

loans & overdrafts

net loan & overdraft lending

Jul 2011 - £ 0.2 bn

Jun 2011 - £ 0.2 bn

6m avg. - £ 0.2 bn

amounts outstanding (nsa) £ 52.2 bn

new loans

Jul 2011 £ 1.2 bn

Jun 2011 £ 1.1 bn

6m avg. £ 1.2 bn

amounts outstanding (nsa) £ 43.0 bn

net overdraft lending (nsa)

Jul 2011 - £ 0.3 bn

Jun 2011 + £ 0.2 bn

6m avg. + £ 0.0 bn

amounts outstanding (nsa) £ 9.1 bn

Personal deposit & savings

net change in all personal deposits

Jul 2011 + £ 2.4 bn

Jun 2011 + £ 1.4 bn

6m avg. + £ 1.0 bn

amounts outstanding (nsa) £ 640.2 bn

Lending to companies (nsa)

total net lending

Jul 2011 - £ 8.6 bn

Jun 2011 + £ 6.8 bn

6m avg. + £ 1.0 bn

amounts outstanding (nsa) £ 669.1 bn

net lending to non-financial companies

Jul 2011 + £ 0.0 bn

Jun 2011 - £ 2.5 bn

6m avg. - £ 1.3 bn

amounts outstanding (nsa) £ 314.9 bn

net lending to financial companies

Jul 2011 - £ 8.6 bn

Jun 2011 + £ 9.3 bn

6m avg. + £ 2.3 bn

amounts outstanding (nsa) £ 354.1 bn

Edited by koala_bear

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BBC's take on the numbers:

http://www.bbc.co.uk/news/business-14628875

Householders and companies are continuing a safety-first approach to debt reflecting slow growth in the economy, a banking body has said.

Demand for borrowing was weak, said the British Bankers' Association (BBA), although there was a slight rise in the number of mortgages approved in July.

Some 33,717 home loans were approved for house purchases, slightly more than in June and a year earlier.

Borrowing on credit cards and through overdrafts remained subdued.

Appetite 'low' Last month, the BBA said that some people were saving less because they were having to pay higher household bills.

The latest figures show that the savings and personal deposits with major High Street banks accelerated slightly in July.

But the BBA said that deposits and savings had only increased by £8.6bn in the first seven months of the year, compared with £16.3bn in the same period of 2010.

Meanwhile lending to financial companies was outstripped by repayments again in July, and debt repayment matched new borrowing in the non-financial companies sector.

"Overall companies' appetite for finance remains low, reflecting business decisions in difficult trading conditions - new finance made available to one company is simply being offset by debt repayment from another," said David Dooks, the BBA's statistics director.

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these numbers are very confusing, lending is up but lending is down,

what is going on, can anyone summarise in a couple of sentences?

Certain ways of measuring lending / lending to certain sectors are up but at less than the rate of inflation (any ONS measure you like).

i.e All lending is falling in real terms.

Also some numbers are seasonally adjusted, some aren't.

Edited by koala_bear

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Certain ways of measuring lending / lending to certain sectors are up but at less than the rate of inflation (any ONS measure you like).

i.e All lending is falling in real terms.

Also some numbers are seasonally adjusted, some aren't.

I wish they would adjust the scale on the graph, no need for it to go to 24 percent.

Possible that the mortgage line could go sub zero over the winter?

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I wish they would adjust the scale on the graph, no need for it to go to 24 percent.

Possible that the mortgage line could go sub zero over the winter?

That is a graph with seasonaly adjusted annualised data so i suspect close but might not drop there till spring.

SLS and CGS repayment are hampering new lending at the moment so we will have to wait and see what the hangover is after they have repaid.

SLS final payments are in December and CGS at the end of the year after but bank have been repaying faster than the minimum repayment so will repay earlier (or have repaid in some cases).

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  • 338 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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