Net mortgage borrowing by UK individuals remained unchanged at £4.6 billion in December 2025, slightly above market expectations of £4.5 billion. Gross lending fell by £0.5 billion to £23.0 billion, while gross repayments also declined by £0.6 billion to £18.8 billion. The annual growth rate for net mortgage lending held steady at 3.4%. The effective interest rate on newly drawn mortgages edged down to 4.15% in December, from 4.20% in November. Meanwhile, the rate on the outstanding stock of mortgages rose slightly to 3.92%, up from 3.90% the previous month. source: Bank of England

Home Loans in the United Kingdom increased to 4601 GBP Million in December from 4593 GBP Million in November of 2025. Home Loans in the United Kingdom averaged 3330.43 GBP Million from 1986 until 2025, reaching an all time high of 17132.00 GBP Million in June of 2021 and a record low of -1861.00 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 February of 2026.

Home Loans in the United Kingdom increased to 4601 GBP Million in December from 4593 GBP Million in November of 2025. Home Loans in the United Kingdom is expected to be 4800.00 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 5800.00 GBP Million in 2027 and 6300.00 GBP Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-05 09:30 AM
Mortgage Lending
Nov £4.49B £4.16B £4.5B £4.7B
2026-01-30 09:30 AM
Mortgage Lending
Dec £4.6B £4.59B £4.5B £4.6B
2026-03-02 09:30 AM
Mortgage Lending
Jan £4.6B £4.2B


Related Last Previous Unit Reference
Average House Prices 300077.00 297938.00 GBP Jan 2026
Construction Orders YoY 29.30 -11.90 percent Sep 2025
Construction Output YoY -1.10 0.90 percent Nov 2025
Mortgage Lending 4601.00 4593.00 GBP Million Dec 2025
Home Ownership Rate 64.50 64.70 percent Dec 2023
Halifax House Price Index MoM 0.70 -0.50 percent Jan 2026
Halifax House Price Index YoY 1.00 0.40 percent Jan 2026
Housing Index 517.50 513.80 points Jan 2026
Housing Starts 29620.00 29650.00 units Sep 2025
Mortgage Approvals 61.01 64.07 Thousand Dec 2025
BBA Mortgage Rate 6.62 6.77 percent Jan 2026
Nationwide Housing Prices 540.40 540.80 points Jan 2026
Nationwide Housing Prices MoM 0.30 -0.40 percent Jan 2026
Nationwide Housing Prices YoY 1.00 0.60 percent Jan 2026
Price to Rent Ratio 111.46 111.34 Sep 2025
Private Rental Prices YoY 4.00 4.40 percent Dec 2025
Residential Property Prices 2.96 2.83 Percent Sep 2025
RICS House Price Balance -14.00 -14.00 percent Dec 2025


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
4601.00 4593.00 17132.00 -1861.00 1986 - 2025 GBP Million Monthly
SA

News Stream
UK Mortgage Borrowing Steady in December
Net mortgage borrowing by UK individuals remained unchanged at £4.6 billion in December 2025, slightly above market expectations of £4.5 billion. Gross lending fell by £0.5 billion to £23.0 billion, while gross repayments also declined by £0.6 billion to £18.8 billion. The annual growth rate for net mortgage lending held steady at 3.4%. The effective interest rate on newly drawn mortgages edged down to 4.15% in December, from 4.20% in November. Meanwhile, the rate on the outstanding stock of mortgages rose slightly to 3.92%, up from 3.90% the previous month.
2026-01-30
UK Mortgage Borrowing Rises in November
Net borrowing of mortgage debt by UK individuals increased to £4.5 billion in November 2025, following a decrease of £1.0 billion to £4.2 billion in October, in line with market expectations. In November, gross lending decreased by £0.6 billion to £23.7 billion, while gross repayments decreased by £3.1 billion to £19.4 billion. The annual growth rate for net mortgage lending increased to 3.3% in November, from 3.2% in the previous month, the highest since January 2023 (3.4%).
2026-01-05
UK Net Mortgage Borrowing Slows
Net borrowing of mortgage debt by UK individuals fell to £4.3 billion in October 2025, down from £5.2 billion in September and below market expectations of £4.5 billion. Gross lending edged slightly lower to £24.5 billion from £24.8 billion, while gross repayments rose by £1.5 billion to £22.1 billion. The annual growth rate for net mortgage lending held steady at 3.2% in October, the highest since January 2023. The ‘effective’ interest rate on newly drawn mortgages fell to 4.17% from 4.19% in September, marking its lowest level since January 2023 (3.88%) and continuing the downward trend observed since March 2025. The rate on the outstanding stock of mortgages remained unchanged for a third consecutive month at 3.89%.
2025-12-01