FX.co ★ UK Mortgage Lending Slips to £3.87B in September, Easing from August Highs

Mortgage lending in the United Kingdom softened in September 2026, with the total value of new loans slipping to £3.87 billion, down from £4.17 billion in August 2026. The latest figures, updated on 29 October 2026, point to a cooling in borrowing activity following a stronger late-summer surge.

The roughly £0.3 billion month-on-month decline suggests a moderation in demand for new mortgages or refinancing, as households and buyers potentially reassess borrowing decisions heading into the autumn. While the data does not detail underlying drivers, the shift from August’s higher level indicates that September marked a step down in momentum for the UK housing credit market.

Analysts and market participants will likely watch subsequent monthly releases closely to determine whether September’s figure is a temporary pause after August’s strength or the start of a more prolonged easing in UK mortgage lending volumes.