Just Mortgages comments on BoE Money and Credit data

01 September 2025

Ben Allkins, head of mortgages and protection at Just Mortgages, said:

“While net borrowing slowed in July, it’s encouraging to see another monthly increase in mortgage approvals, albeit only marginal again. There’s no question that July marked the usual start of a quieter summer season, although positive movement from lenders in anticipation of the August base rate cut certainly gave brokers a great headline to proactively share with clients and encourage activity.

“While perhaps not at full steam, we still saw high levels of business activity across all areas of Just Mortgages, with strong demand for valuation requests, buyer registrations and mortgage appointments. Another increase in consumer credit borrowing is certainly something to take note of, particularly for advisers and the pressures still being felt by many borrowers. The great news is that options exist to support all types of borrowers – it’s up to us to remind our clients and local community of this and the knowledge and expertise brokers can offer to help navigate the market.”