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2 clusters · 15 sources · 1 days · First seen · Last updated

Categories: BUSINESS

UK mortgage and consumer credit growth

Entities: Bank of England · Nathan Emerson · Propertymark · KPMG · Mark Harris

Overview

Bank of England data show that in June 2026 net mortgage lending more than doubled to £7.7 billion, the highest level since March 2025, while approvals rose modestly to 58,200. At the same time, net consumer credit extended to households increased by £1.81 billion month‑on‑month, marking an annual growth rate of 9.1 % – the strongest pace since July 2018. Both indicators reflect a broader expansion in UK credit markets as inflation fell to 2.6 % and the Monetary Policy Committee is expected to keep the Bank Rate at 3.75 %. Analysts cite renewed Middle‑East tensions and higher energy prices as factors prompting borrowers to lock in rates, but overall affordability concerns remain.

Timeline

  1. 3 days ago

    [BUSINESS] 6 sources
    UK consumer credit hits strongest growth in eight years

    UK household credit grew by £1.8 bn in June, the fastest in eight years, alongside a 4.2 % rise in retail sales and a surge in mortgage lending, while the Bank of England plans to hold rates at 3.75 %.

  2. 3 days ago

    [BUSINESS] 9 sources
    Bank of England mortgage lending doubles in June as approvals edge up

    UK mortgage lending more than doubled to £7.7 bn in June, approvals rose to 58,200, and the Bank of England is expected to keep rates at 3.75 % amid falling inflation but rising geopolitical risks.

Sources

bi.mk · bizplus.ie · cityam.com · europesays.com · fokustrav.se · keluarga.my · mortgagestrategy.co.uk · naszsrem.pl · novamakedonija.com.mk · pari.com.mk · propertywire.com · reporter.mk · telegraph.bg · theintermediary.co.uk · thenegotiator.co.uk