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Outstanding residential mortgage lending has reached £1.734 trillion, according to the Bank of England – the highest level recorded since the current data series began in 2007. While this figure reflects the total value of outstanding residential mortgages rather than new lending alone, it provides a useful snapshot of the scale of borrowing that continues to support the UK housing market.
The increase reflects growth in the value of outstanding mortgage lending over time and indicates that lenders continue to provide finance to homebuyers across the UK. The total has grown by around 3% year-on-year, suggesting mortgage lending has remained resilient despite higher interest rates and broader economic uncertainty. Although affordability remains an important consideration for many households, buyers continue to secure finance and complete property purchases across the country.
The latest lending figures are a reminder that, while the market has changed over recent years, mortgage lending has certainly not come to a standstill. Buyers are still obtaining finance, lenders continue to compete for business, and a wide range of mortgage products remains available for those who meet lending criteria.
For buyers, preparation is increasingly important. Having a Mortgage in Principle, understanding your budget and responding quickly when the right property becomes available can help strengthen your position in a competitive market.
Well-priced, well-presented properties continue to attract interest from buyers who are actively searching.
Headline house price figures often dominate the news, but lending data provides another perspective. Behind every mortgage is a property transaction, whether that’s a first-time buyer purchasing their first home, a family moving to accommodate changing needs or a homeowner re-mortgaging onto a new deal.
The figures suggest that activity continues across the market, even if the pace varies between locations and property types. While conditions differ from one region to another, buyers and sellers continue to complete transactions across a broad range of property types.
Record levels of outstanding mortgage lending don’t tell the whole story, but they do indicate that mortgage lending continues to play an important role in supporting activity across the housing market.
For sellers, this reinforces the importance of realistic pricing and effective marketing to attract motivated buyers. For buyers, it highlights the value of being financially prepared and ready to act when the right property becomes available.
Mortgage lending data is only one measure of market conditions, but alongside other indicators it suggests the housing market continues to function despite ongoing economic challenges.
Thinking about buying or selling? Our experienced team can help you understand your local market and put you in touch with the trusted mortgage advisers at APR Money. Get in touch to chat with us now.
Date Posted
July 16, 2026
Article Category
Author
Fiona Clougher
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