FX.co ★ UK Mortgage Borrowing Rises in November

In November 2025, net borrowing of mortgage debt by UK individuals rose to £4.5 billion, rebounding from a £1.0 billion fall to £4.2 billion in October. This aligned with market predictions. During November, gross lending declined by £0.6 billion, reaching £23.7 billion, while gross repayments fell by £3.1 billion, down to £19.4 billion. The annual growth rate for net mortgage lending climbed to 3.3% in November, up from 3.2% the previous month, marking the highest rate since January 2023, when it stood at 3.4%.