Net mortgage borrowing by UK households surged to £7.7 billion in June 2026 from £3.3 billion in May, far exceeding market expectations of £3.95 billion and the previous six-month average of £4.9 billion, despite rising borrowing costs. The annual growth rate of net mortgage lending also edged up to 3.6% from 3.5%. Gross mortgage lending rose slightly to £27.4 billion from £27.2 billion, remaining above the six-month average of £26.0 billion. Meanwhile, repayments fell to £21.3 billion from £22.7 billion, although they continued to exceed the recent six-month average of £20.4 billion. Meanwhile, the effective interest rate on newly drawn mortgages climbed to 4.35% in June from 4.22% in May, its highest level in more than a year. The average rate on the outstanding stock of mortgages also increased, reaching a record high of 3.96%. source: Bank of England

Home Loans in the United Kingdom increased to 7727 GBP Million in June from 3269 GBP Million in May of 2026. Home Loans in the United Kingdom averaged 3356.54 GBP Million from 1986 until 2026, reaching an all time high of 17124.00 GBP Million in June of 2021 and a record low of -1847.00 GBP Million in July of 2021. This page provides - United Kingdom Mortgage Lending- actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Mortgage Lending - data, historical chart, forecasts and calendar of releases - was last updated on August of 2026.

Home Loans in the United Kingdom increased to 7727 GBP Million in June from 3269 GBP Million in May of 2026. Home Loans in the United Kingdom is expected to be 4750.00 GBP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Mortgage Lending is projected to trend around 4200.00 GBP Million in 2027 and 4190.00 GBP Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-29 08:30 AM
Mortgage Lending
May £2.89B £4.44B £4.6B £4.7B
2026-07-29 08:30 AM
Mortgage Lending
Jun £7.73B £3.27B £3.95B £4.1B
2026-09-01 08:30 AM
Mortgage Lending
Jul £7.73B


Related Last Previous Unit Reference
Average House Prices 299253.00 299396.00 GBP Jul 2026
Construction Orders YoY -18.10 -11.90 percent Jun 2026
Construction Output YoY -2.30 -2.00 percent Jun 2026
Mortgage Lending 7727.00 3269.00 GBP Million Jun 2026
Home Ownership Rate 64.50 64.70 percent Dec 2023
Lloyds House Price Index MoM 0.00 0.20 percent Jul 2026
Lloyds House Price Index YoY 0.10 0.70 percent Jul 2026
Housing Index 516.00 516.30 points Jul 2026
Housing Starts 33960.00 37230.00 units Mar 2026
Mortgage Approvals 58.20 56.57 Thousand Jun 2026
BBA Mortgage Rate 6.60 6.60 percent Jul 2026
Nationwide Housing Prices 553.70 553.60 points Jul 2026
Nationwide Housing Prices MoM 0.10 0.00 percent Jul 2026
Nationwide Housing Prices YoY 1.80 2.20 percent Jul 2026
Price to Rent Ratio 110.05 110.71 Mar 2026
Private Rental Prices YoY 3.30 3.30 percent Jun 2026
Residential Property Prices 0.88 2.27 Percent Mar 2026
RICS House Price Balance -30.00 -32.00 percent Jul 2026


United Kingdom Mortgage Lending
In the UK, mortgage lending refers to monthly changes of total sterling net secured lending to individuals and housing associations.
Actual Previous Highest Lowest Dates Unit Frequency
7727.00 3269.00 17124.00 -1847.00 1986 - 2026 GBP Million Monthly
SA

News Stream
UK Mortgage Borrowing Jumps Well Above Expectations in June
Net mortgage borrowing by UK households surged to £7.7 billion in June 2026 from £3.3 billion in May, far exceeding market expectations of £3.95 billion and the previous six-month average of £4.9 billion, despite rising borrowing costs. The annual growth rate of net mortgage lending also edged up to 3.6% from 3.5%. Gross mortgage lending rose slightly to £27.4 billion from £27.2 billion, remaining above the six-month average of £26.0 billion. Meanwhile, repayments fell to £21.3 billion from £22.7 billion, although they continued to exceed the recent six-month average of £20.4 billion. Meanwhile, the effective interest rate on newly drawn mortgages climbed to 4.35% in June from 4.22% in May, its highest level in more than a year. The average rate on the outstanding stock of mortgages also increased, reaching a record high of 3.96%.
2026-07-29
UK Mortgage Borrowing Drops to One-Year Low
Net mortgage borrowing by UK individuals fell to £2.9 billion in May 2026, down from £4.4 billion in April and below market expectations of £4.6 billion. This marked the lowest level since May 2025 and was well under the six-month average of £5.1 billion, as rising mortgage rates and weakened consumer confidence amplified by the Iran war have suppressed buyer demand. The annual growth rate for net mortgage lending edged up slightly to 3.4% in May, from 3.3% in April. Gross secured lending dipped to £27.1 billion, from £27.4 billion in April, but remained above the six-month average of £25.3 billion. Meanwhile, repayments rose to £22.9 billion in May, up from £22.6 billion in April and above the six-month average of £19.9 billion. The effective interest rate on newly drawn mortgages rose to 4.22% in May, up from 4.08% in April, while the rate on outstanding mortgages remained steady at 3.92%.
2026-06-29
UK Mortgage Lending Falls to 6-Month Low
Net borrowing of mortgage debt by UK individuals decreased to £4.4 billion in April 2026, the lowest in six months, from £6.8 billion in March and below the previous 6-month average of £5.1 billion. The annual growth rate for net mortgage lending increased slightly to 3.3% in April, from 3.0% in March. Secured gross lending decreased slightly to £27.5 billion in April, from £28.7 billion in March, still slightly above the 6-month average of £24.8 billion. Repayments increased in April to £22.7 billion, from £19.8 billion in March, above the 6-month average of £19.7 billion. The ‘effective’ interest rate on newly drawn mortgages increased, to 4.08% in April, from 4.03% in March. The rate on the outstanding stock of mortgages was 3.92% in April, down from 3.93% in March.
2026-06-02