UK mortgage approvals higher than forecast in June - Bank of England

Related news

UK mortgage approvals were higher than expected last month, numbers on Wednesday showed.

According to the Bank of England, mortgage approvals rose to 58,200 in June from 56,565 in May, topping the FXStreet cited consensus of 57,100. June's figure was below an average of around 61,400 over the previous six months, however.

Net borrowing of mortgage debt rose to £7.7 billion in June from £3.3 billion.

The 'effective' interest rate, the actual interest paid on newly drawn mortgages, stretched to 4.35% in June, from 4.22% in May.

The central bank announces a rate decision on Thursday. It is expected to keep bank rate at 3.75%.

Comments and questions to newsroom@alliancenews.com

Copyright 2026 Alliance News Ltd. All Rights Reserved.

Economic news and events

Ways to help you invest your money

Our investment accounts

Put your money to work with our range of investment accounts. Choose from ISAs, pensions, and more.

Need some investment ideas?

Let us give you a hand choosing investments. From managed funds to favourite picks, we’re here to help.

Read our expert tips and insights

Our investment experts share their knowledge on how to keep your money working hard across the markets.