Household Finance Update

We compile regular data to reflect the mainstream banking and finance activities of households in the UK.

Trends covering the scope of member support for UK households, through the provision of secured and unsecured loans, holdings of cash and longer-term deposits.  Data is shown across lending products.

Latest Data - August 2019 (Published on 25/09/2019)

Key data highlights:

• Gross mortgage lending across the residential market in August 2019 was £24 billion, 3.2 per cent lower than in the same month in 2018 (see chart 2).
• There were 85,931 mortgages approved by the main high street banks in August 2019. Mortgage approvals for home purchase were 3.2 per cent higher, remortgage approvals were 0.1 per cent higher and approvals for other secured borrowing were 0.4 per cent lower than in the same month a year earlier (see chart 3).
• The £11.0 billion of credit card spending in August 2019 was one per cent higher than in August 2018 (see chart 4). Repayments have remained in line with credit card spending, showing that consumers are managing their finances effectively overall. The level of credit card borrowing grew by 3.3 per cent in the year to August 2019.
• Personal borrowing through loans in August 2019 was 4.5 per cent higher than in the same month a year earlier (see chart 5). Overdraft borrowing was 1.2 per cent higher in August 2019 than in the same month a year earlier, while the longer-term trend has seen overdraft borrowing decline.

Household Lending and Deposits Update - August 2019

PDF XLSX Long run data - UK Finance members only