Mortgage lending remains ‘relatively strong’

Net mortgage borrowing reached an all-time high of £17.9 billion in June, according to the Bank of England - smashing the previous record, set in March 2021, of £11.5bn.

The Bank of England reports that net mortgage borrowing fell from a record £11.5 billion in March to £3.3 billion in April.

UK borrowers repaid £1.4bn of mortgage debt in July; it's only the second time in a decade that the Bank of England's data has shown a net repayment.