UK Money and Credit - February 2026

From bankofengland.co.uk

Net borrowing of mortgage debt by individuals increased to £4.8 billion in February, from £4.2 billion in January, above the previous 6-month average of £4.5 billion. Net mortgage approvals for house purchases increased to 62,600 in February, from 60,200 in January, below an average of around 63,500 over the previous 6-months. Approvals for remortgaging increased to 41,200 in February from 38,500 in January. Net borrowing of consumer credit by individuals slightly increased to £1.9 billion in February, from £1.8 billion in January, slightly above the previous 6-month average of £1.8 billion. Within this, net ... (full story)