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UK Money and Credit - June 2025
Net borrowing of mortgage debt by individuals increased by £3.1 billion to £5.3 billion in June, compared to a £2.8 billion increase to £2.2 billion of net borrowing in May. Net mortgage approvals for house purchases increased by 900, to 64,200 in June. Approvals for remortgaging also increased by 200, to 41,800 in June. This marked the highest number of approvals for remortgaging since October 2022 (50,000). Net borrowing of consumer credit by individuals rose to £1.4 billion, from £0.9 billion in the previous month. Within this, net borrowing through credit cards increased to £0.7 billion in June, from £0.2 ... (full story)
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