Loans

Personal loans in UK up 14% in December 2019

Persoanal loans

Personal borrowing through loans last month was 14% higher than in December 2018 according to data released by UK Finance.

Credit cards

Loans and debt

Credit card spending climbed 7.3% over the year to £11.8 billion in December 2018. Borrowing on cards is currently growing at 2.4% a year.

Residential mortgages

Mortgage approvals in 2019 climbed 7.4% compared to the previous year according to UK Finance data, with December approvals up 24% compared to December 2018.

However, residential mortgage lending fell 1.1% to £22.2 billion in December 2019, according to the latest UK Finance household lending and deposits data published today.

Analysis and data from UK Finance

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Debt, debt and even more debt

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