Consumer finance up 9% in September

5 November 2015

New figures released today by the Finance & Leasing Association (FLA) show 9% growth in consumer finance new business in September, compared with the same month last year.

Retail store and online credit grew by 4% compared with September 2014, while credit card and personal loan new business together increased by 4% over the same period.

Second charge mortgage new business increased 22% by value in September, while the number of new second charge mortgages fell by 7% over the same period.

Commenting on the figures, Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said:

“September saw growth across all of the main finance products as consumer confidence remained relatively strong. Consumer finance new business provided by FLA members grew by 7% in the first nine months of 2015, in line with our expectations for growth in UK new consumer credit in 2015 as a whole.”

Table 1: New consumer credit lending


Sep 2015

% change on prev. year

3 months to Sep 2015

% change on prev. year

12 months to Sep 2015

% change on prev. year

Total FLA consumer finance (£m)









Data extracts:


Retail store and online credit (£m)







Credit cards & personal loans (£m)







Second charge mortgages (£m)







Car finance (£m)







Note to editors:

  1. FLA members in the consumer finance sector include banks, credit card providers, store card providers, second-charge mortgage lenders, motor finance providers, personal loan and instalment credit providers.
  1. In 2014, FLA members provided £100 billion of new finance to UK businesses and households. £74 billion of this was in the form of consumer credit representing almost a third of total new consumer credit written in the UK last year.

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