Net mortgage borrowing by UK individuals increased to GBP 4.4 billion in August 2026, up from a revised GBP 4.1 billion in July but below the six-month average of GBP 5.2 billion. The annual growth rate of net mortgage lending was unchanged at 3.6%. Gross secured lending fell to GBP 23.6 billion, from GBP 25.3 billion in July and below the six-month average of GBP 26.5 billion, while repayments eased to GBP 20.4 billion from GBP 21.1 billion. Meanwhile, the effective interest rate on newly drawn mortgages rose to 4.60%, from 4.45%, while the rate on the outstanding mortgage stock edged up to 4.00% from 3.97%.