UK gross mortgage lending monthly flow
UK gross mortgage lending monthly flow stood at £23,648m in Aug 2026, according to Bank of England. It is one of the indicators in the Bank lending table (Value · Monthly), with a complete series running from Apr 1993 to Aug 2026. The complete series with an interactive chart, free to download.
This indicator in the Bank lending table
| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Monthly flows and growth | |||||||||||
| Gross mortgage lending, monthly flow | 23,648 | 25,307 | 26,457 | 26,687 | 27,239 | 28,398 | 24,789 | 24,236 | 23,560 | 24,005 | |
| Mortgage repayments, monthly flow | 20,370 | 21,091 | 21,057 | 22,615 | 22,414 | 20,162 | 18,738 | 19,359 | 19,015 | 19,580 |
Understanding UK gross mortgage lending monthly flow
Authorised banking institutions calculate the total new residential mortgage advances disbursed to individuals over the course of a single month across the United Kingdom. This flow metric captures newly completed property financing transactions that increase the gross stock of lending before accounting for concurrent repayments and redemptions. It excludes internal product transfers where an existing borrower switches rates with the same lender without drawing additional funds, as well as commercial property loans.
Analysing this monthly flow requires recognising that completion dates lag behind initial mortgage agreements, meaning figures reflect property market activity from preceding months. Seasonal weather patterns and statutory property transaction tax deadlines can create sharp volatility in monthly disbursement volumes. When benchmarking this series against net lending figures, analysts must remember that gross flows do not account for capital returned by borrowers through regular amortisation or early redemptions.
Frequently asked questions
- What transaction type does this monthly flow measure?
- It counts the total value of newly advanced residential mortgage funds disbursed by lenders to borrowers across the United Kingdom during the month.
- Are rate switches for existing customers included in gross lending?
- Internal product transfers where no new capital is advanced are generally excluded from gross lending flow statistics.
- Why do gross lending figures differ from net lending data?
- Gross lending measures total new advances without subtracting capital repayments, whereas net lending reflects the net change in total outstanding debt.