UK Mortgage Borrowing Steady in December

EthereumCraftsman · 2026-01-30T16:16:02+00:00

Net mortgage borrowing in the UK remained stable at £4.6 billion in December 2025, with gross lending and repayments both decreasing. The annual growth rate stayed at 3.4%, and the effective interest rate for new mortgages slightly declined.

EthereumCraftsman

2026-01-30 16:16:02

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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.

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