BoE reveals individual lending fall

Bank of England figures published today reveal that the rate of increase in individual lending is on a downward turn.

The increase in total net lending to individuals during March was down to £8.2bn last month, a drop from £9.6bn on the previous month.

The figures also point to a decrease in individual lending during March when compared to the average of total individual lending for the last six months.

These latest numbers also reveal the number of loans approved for house purchase and remortgaging was also down from February and over the last six months overall.