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 - June 2019 (Published on 24/07/2019)

Key data highlights:

• Gross mortgage lending across the residential market in June 2019 was £21.9 billion, some 4.0 per cent lower than the same month in 2018 (see chart 2).
• The number of mortgages for home purchase approved by the main high street banks in June 2019 was 2.9 per cent higher than in the same month in 2018. Remortgage approvals were 1.4 per cent lower and approvals for other secured borrowing were 5.3 per cent lower than the same month a year earlier (see chart 3).
• The £10.5 billion of credit card spending in June 2019 was 1.1 per cent higher than the same month in 2018 (see chart 4). The outstanding level of credit card borrowing grew by 4.0 per cent in the 12 months to June. Repayments have remained in line with credit card spending, showing that consumers are managing their finances effectively overall.
• Personal borrowing through loans in June 2019 was 2.4 per cent lower than the same month a year ago (see chart 5) though lending through overdrafts in June 2019 was 1.3 per cent higher compared to the same month last year (see chart 6).
• Deposits held in instant access accounts were 2.5 per cent higher than in the same month a year ago (see chart 7), reflecting consumers' preference to keep cash close to hand amid ongoing economic uncertainty. ISA deposits were 0.3 per cent higher compared to the same month last year (see chart 8).

Household Lending and Deposits Update - June 2019

PDF XLSX Long run data - UK Finance members only