BoE September 2026 money and credit: net mortgage borrowing falls to £3.9bn, house purchase approvals dip to 53,400

Created Oct 29, 2026 • AI-generated summary

Bank of England Money and Credit figures published 29 October 2026 for September 2026: UK net mortgage borrowing by individuals fell to £3.9bn (from £4.2bn in August), below the six-month average of £4.9bn; annual growth of net mortgage lending eased to 3.4%. House purchase approvals fell to 53,400 (from 54,800); remortgage approvals with a different lender rose to 42,600 (from 34,000). Gross secured lending £24.2bn; repayments £21.4bn. Effective rate on newly drawn mortgages rose to 4.63% (from 4.60%); outstanding stock rate 4.03%. Comment from OnTheMarket president Jason Tebb. Membership limited to coverage of this specific BoE September 2026 money and credit release.