Bank Of England Lending To Individuals May 2006

[Guest Charlie The Tramp]

Monthly release of growth rates, amounts outstanding and changes in total lending to individuals, broken down into lending secured on dwellings and consumer credit. The release also includes data on the value and number of approvals secured on dwellings.

The number of approvals for remortgaging was also higher (by 7,000), but approvals for other purposes were in line with April (72,000)

lendind.pdf

lendind.pdf

[Realistbear]

Can't find the main BoE article, but the BBC say lending for houses is DOWN. Must mean the CML stats saying mortgage approvals are UP are spin?

http://news.bbc.co.uk/1/hi/business/5125808.stm

Data from the Bank of England has pointed to a

slowdown in house purchase approvals

but

other

* evidence suggests the market will remain quite strong over the summer months.

Big cover up going on somewhere.

*Vi "evidence?"

[OnlyMe]

Net lending up over £10bn on the month.

All sectors up including consumer credit.

http://today.reuters.co.uk/news/newsarticl...xml&src=rss

[Realistbear]

The size of the credit binge must soon start to worry the BoE and currency markets? What is Gordon going to do?

[spline]

The BoE monthly mortgage approvals for house purchase: May 138k NSA and 117k SA.

BoE statistics interactive database:

datasets: LPMVTVU and LPMVTVX

http://213.225.136.206/mfsd/iadb/NewIntermed.asp

[Guest Charlie The Tramp]

Bank of England monthly changes of total sterling approvals for remortgaging to individuals (in sterling millions) not seasonally adjusted

31 Oct 97 776

30 Nov 97 764

31 Dec 97 915

31 Jan 98 799

28 Feb 98 1045

31 Mar 98 1265

30 Apr 98 1273

31 May 98 1271

30 Jun 98 1657

31 Jul 98 1801

31 Aug 98 1293

30 Sep 98 1271

31 Oct 98 1621

30 Nov 98 1541

31 Dec 98 1090

31 Jan 99 956

28 Feb 99 1849

31 Mar 99 2429

30 Apr 99 1974

31 May 99 1896

30 Jun 99 2131

31 Jul 99 2148

31 Aug 99 2156

30 Sep 99 1864

31 Oct 99 1956

30 Nov 99 1683

31 Dec 99 1386

31 Jan 00 1473

29 Feb 00 1927

31 Mar 00 2216

30 Apr 00 1994

31 May 00 2364

30 Jun 00 2427

31 Jul 00 2221

31 Aug 00 2320

30 Sep 00 2219

31 Oct 00 2478

30 Nov 00 2807

31 Dec 00 2475

31 Jan 01 2865

28 Feb 01 3267

31 Mar 01 4635

30 Apr 01 4023

31 May 01 4332

30 Jun 01 4555

31 Jul 01 4966

31 Aug 01 4310

30 Sep 01 3981

31 Oct 01 4837

30 Nov 01 5580

31 Dec 01 4933

31 Jan 02 5628

28 Feb 02 5668

31 Mar 02 5885

30 Apr 02 6511

31 May 02 7638

30 Jun 02 6309

31 Jul 02 7698

31 Aug 02 7047

30 Sep 02 7321

31 Oct 02 8783

30 Nov 02 8993

31 Dec 02 7682

31 Jan 03 7875

28 Feb 03 7997

31 Mar 03 10378

30 Apr 03 11065

31 May 03 9977

30 Jun 03 10166

31 Jul 03 10846

31 Aug 03 10053

30 Sep 03 11180

31 Oct 03 11548

30 Nov 03 10263

31 Dec 03 8595

31 Jan 04 7780

29 Feb 04 8909

31 Mar 04 11389

30 Apr 04 9457

31 May 04 9705

30 Jun 04 11197

31 Jul 04 11113

31 Aug 04 10003

30 Sep 04 9697

31 Oct 04 9814

30 Nov 04 9013

31 Dec 04 7915

31 Jan 05 7618

28 Feb 05 8594

31 Mar 05 10294

30 Apr 05 10299

31 May 05 9879

30 Jun 05 11349

31 Jul 05 11327

31 Aug 05 12221

30 Sep 05 12903

31 Oct 05 12724

30 Nov 05 12388

31 Dec 05 9441

31 Jan 06 8896

28 Feb 06 10297

31 Mar 06 12916

30 Apr 06 10255

31 May 06 12158

[OzzMosiz]

Charlie,

I wonder if the remortgaging is to get better deals or to extract equity??

[boo]

The size of the credit binge must soon start to worry the BoE and currency markets? What is Gordon going to do?

Sit on his big fat butt and do nothing of course

[Guest Charlie The Tramp]

Charlie,

I wonder if the remortgaging is to get better deals or to extract equity??

Surely for those who just remortgage to get better deals then the total amount outstanding would not increase so much.

[OzzMosiz]

Surely for those who just remortgage to get better deals then the total amount outstanding would not increase so much.

Ahh didn't read the "sterling millions" - just read it as millions.

[CrashConnoisseur]

The size of the credit binge must soon start to worry the BoE and currency markets? What is Gordon going to do? [Realistbear]

Move next door to No. 10?

'Chancellor vows not to cut and run':

http://politics.guardian.co.uk/labour2005/...1578462,00.html

One of Gordon Brown's favourite quips is that there are only two sorts of chancellors: those who fail and those who get out in time.