Net borrowing of mortgage debt by individuals decreased to £2.9 billion in May, from £4.4 billion in April. This was below the previous 6-month average of £5.1 billion, and the lowest since May 2025 (£1.9 billion). Net mortgage approvals for house purchases decreased to 56,200 in May, below an average of 63,300 over the previous six months. Approvals for remortgaging also decreased, to 33,300 in May, from 51,200 in April. Net borrowing of consumer credit by individuals remained largely unchanged, when compared to April at £1.7 billion in May. This was slightly below the previous 6-month average of £1.9 billion. ... (full story)