Just Mortgages comment on today's BoE Money and Credit data
30 March 2026
John Phillips, CEO of Just Mortgages and Spicerhaart, said:
“Today’s figures paint a nuanced picture. One the one hand, a rise in net borrowing to £4.8bn points to buyers continue to push on with transactions. On the other hand, approvals, while up on the month, remain below trend, showing a level of hesitation that hasn’t fully disappeared.
“These figures reflect a market that’s active, but more selective. Demand hasn’t gone away; it’s become more deliberate. Those who need to move are getting on with it, while others are taking longer to commit as they weigh up affordability and timing.
“For brokers, this is exactly where advice matters most. The market is neither fully accelerating nor stalling, helping clients navigate complexity and act with controlled confidence is what will keep transactions flowing.”
