New data shows UK mortgage advances reach £77.4bn in Q2 2026

The Financial Conduct Authority has revealed that gross mortgage advances in the UK reached an impressive £77.4 billion during the second quarter of 2026. This significant activity in the mortgage market underscores a vibrant housing sector and continued consumer confidence in property investments. The increase is reflective of both competitive mortgage rates and strong purchasing momentum within the residential market. Experts note that these figures highlight an ongoing demand for housing despite economic uncertainties. Such robust mortgage lending activity indicates that the UK housing market remains resilient, providing opportunities for buyers and investors alike. As competitive mortgage products continue to attract buyers, industry leaders anticipate sustained growth in the near term.

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