Here is an overview of The Money Charity’s latest statistics for September 2017:

Personal debt in the UK

  • People in the UK owed £1.548 trillion at the end of July 2017. This is up from £1.489 trillion at the end of July 2016 – an extra £1033.06 per UK adult.
  • Per adult in the UK that’s an average debt of £30,661 in July – around 116.2% of average earnings. This is slightly up from a revised £30,584 a month earlier
  • Outstanding consumer credit lending was £201.524 billion at the end of July 2017
  • Citizens Advice Bureaux across England and Wales dealt with 392,237issues in April 2017
  • Debt was the second largest advice category (behind benefits and tax credits) with 104,201 issues. This is 18% down on the same month last year. Debt issues represented 27% of all problems dealt with over the period

Spending and Loans

  • Data from LINK shows that, on average, 99 cash machine transactions (including balance enquiries and rejected transactions) were made every second in August 2017
  • The average APR for a £5,000 personal loan is 8.04%, according to the Bank of England. For a £10,000 loan it’s 3.79%, while the average rate for an overdraft is 19.71%
  • British Bankers Association figures show that 56.9% of credit card balances were bearing interest in June 2017

Mortgages rent and housing

  • The average mortgage interest rate was 2.55% at the end of July. Based on this, households with mortgages would pay an average of £3,094 in mortgage interest over the year
  • Halifax said that average house prices fell by £2,375 in August 2017. This is a monthly rise of 1.1%; prices rose by 0.1% over the quarter and rose by 2.6% over the year
  •  According to the Council of Mortgage Lenders (CML), the typical first-time buyer deposit in June was 17.1% (around £33,806) – 129% of an average salary

The report full report can be found here.