Bank identifies growth in bridging, secured loans

Its latest quarterly figures show as of the end of the fourth quarter last year individuals in the UK owed some £587bn in such loans, with a further £143bn in “other loans and advances”. These figures were up 9.3% and 2.4% respectively against the previous quarter, the Bank says. There are some positive figures too, however, for those concerned about personal debt levels and its effects on personal finances. The figures suggest individual deposits grew faster than loans taken out during the final quarter of last year – which of course includes the key spending period affecting individ...