Net lending up slightly again, BoE says

Much of the total increase came from a rise in secured lending – up £9.2bn – which gained on both December and six-month averaged figures. That sum took the annualised growth rate in this type of lending to 10.6%. The number of loans approved for house purchases remained steady at 122,000 – clearly a different picture to that painted by some sources suggesting the housing market has taken a big step up since the turn of the year. Approvals of loans for other purposes increased by 3,000, but those for remortgaging fell by 4,000, the Bank states. Lending in the form of consumer credit s...