Bank of England Mortgage Approvals and Lending December 2021

Annual growth in secured lending (e.g. mortgages) rose by 5.1% in December, from 5.3% in the previous month.
Consumers borrowed £3.6bn of mortgage debt in December, from £3.8 billion in November, below the pre-pandemic average of £4.2bn in the 12-months to February 2020.
The number of mortgage approvals rose in December, totalling 71,000, above the 12-month average up to February 2020 of 66,700, suggesting activity within the housing market remains robust.
Compared with the same month a year ago, mortgage approvals fell by 30%.
The number of re-mortgaging approvals rose marginally to 44,900. This is the highest since February 2020 (52,500) although remains low compared to the 12-month pre-pandemic average up to February 2020 of 49,500.

Source: Bank of England

Annual growth in unsecured lending rose by 1.4% in December, up from 0.8% in the previous month. Households borrowed £0.8 billion of consumer credit, compared to £1.0bn in November.
This was split equally between additional borrowing on credit cards and ‘other’ forms of consumer credit (e.g. car finance, personal loans).