UK Mortgage Borrowing Slows, Home Purchase Approvals Fall in May

AI-generated NewsSnap summary based on source reporting.
Published: 2026-06-29T08:30:00Z
Category: finance
Source: AJ Bell / The Guardian

Net mortgage borrowing by individuals in the UK fell to £2.9 billion in May 2026 from £4.4 billion in April, marking the weakest monthly borrowing since May 2025. Approvals for home purchases also declined to 56,200 in May from 66,000 in April, reaching their lowest level in almost a year and a half.

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