Latest Bank of England Money and Credit statistics - Precise Mortgages comments

02 June 2026

Emily Hollands, Group Head of Intermediary Sales and Distribution, Precise Mortgages:

"The latest Money and Credit data points to a housing market showing continued resilience despite ongoing affordability pressures. Net mortgage approvals for house purchases increased in April, even as net borrowing by individuals eased to £4.4 billion, suggesting buyers are becoming increasingly comfortable making decisions in an environment where interest rates and mortgage pricing are growing more familiar rather than more uncertain.

What is particularly encouraging is that activity is holding up despite continued cost pressures, suggesting there remains significant underlying demand among buyers who have spent the last two years adapting to a higher rate environment.

However, stronger activity should not be mistaken for a return to previous market conditions. Today's borrowers remain highly payment-conscious and focused on affordability, meaning lenders, brokers and borrowers alike are continuing to prioritise stability and certainty when making decisions."