June 2017 figures for the high street banks

The latest high street banking data from UK Finance shows that consumer credit growth was 1.9% in June, compared with 2.1% in the previous month.

Gross mortgage borrowing totalled £13bn in June. Net mortgage borrowing was 2.6% higher than a year ago.

Eric Leenders, head of personal at UK Finance, said:

“June saw consumer borrowing from high street banks, which accounts for 45% of the overall credit market, maintain its slower pace as rising inflation put pressure on household incomes. Housing activity remained relatively stable with over 74,0001 mortgages approved last month while businesses continue to build their reserves, borrowing less and increasing their deposits at an annual rate of 6.1%.”