US Mortgage Lending Eases in January

2026-03-02 10:07 By Joana Ferreira 1 min. read

Net mortgage borrowing by UK individuals eased to £4.08 billion in January 2026, down from a revised £4.49 billion and below the previous six-month average of £4.5 billion.

The annual growth rate for net mortgage lending eased to 3.3% in January from 3.4% in December.

Secured gross lending increased slightly to £23.4 billion in January, up from £23.0 billion in December, still slightly below the six-month average of £23.8 billion.

Repayments increased in January to £19.1 billion, from £18.8 billion, below the six-month average of £20.0 billion.

The effective interest rate on newly drawn mortgages edged down to 4.09% from 4.15%, while the rate on the outstanding stock of mortgages slipped slightly to 3.90% from 3.92%.



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US Mortgage Lending Eases in January
Net mortgage borrowing by UK individuals eased to £4.08 billion in January 2026, down from a revised £4.49 billion and below the previous six-month average of £4.5 billion. The annual growth rate for net mortgage lending eased to 3.3% in January from 3.4% in December. Secured gross lending increased slightly to £23.4 billion in January, up from £23.0 billion in December, still slightly below the six-month average of £23.8 billion. Repayments increased in January to £19.1 billion, from £18.8 billion, below the six-month average of £20.0 billion. The effective interest rate on newly drawn mortgages edged down to 4.09% from 4.15%, while the rate on the outstanding stock of mortgages slipped slightly to 3.90% from 3.92%.
2026-03-02
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