{"id":437297,"date":"2026-09-01T16:40:05","date_gmt":"2026-09-01T09:40:05","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/uk-mortgage-borrowing-slows-in-july-though-consumer-borrowing-continues-to-hold-up-437297\/"},"modified":"2026-09-01T16:40:05","modified_gmt":"2026-09-01T09:40:05","slug":"uk-mortgage-borrowing-slows-in-july-though-consumer-borrowing-continues-to-hold-up","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/uk-mortgage-borrowing-slows-in-july-though-consumer-borrowing-continues-to-hold-up-437297\/","title":{"rendered":"UK mortgage borrowing slows in July, though consumer borrowing continues to hold up"},"content":{"rendered":"<div>\n<ul>\n<li>UK July mortgage approvals 56.05k vs 59.50k expected<\/li>\n<li>Prior 58.20k; revised to 58.21k<\/li>\n<li>UK July net consumer credit \u00a32.0 billion vs \u00a31.8 billion expected<\/li>\n<li>Prior \u00a31.81 billion; revised to \u00a31.86 billion<\/li>\n<\/ul>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Net mortgage approvals were seen falling in July to\u00a056,100, and that is well below the previous 6-month average of\u00a060,800.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Adding to that, the net\u00a0borrowing of mortgage debt by individuals decreased to \u00a34.3 billion in July &#8211; down from \u00a37.7 billion in June. That figure is also now falling below the previous 6-month average of\u00a0\u00a35.3 billion.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">So, that marks a considerable slowdown in mortgage borrowing as the market loses some momentum.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Meanwhile, net borrowing of consumer credit by individuals did increase slightly to \u00a32.0 billion in July. The breakdown this time shows that consumers\u00a0weren&#8217;t necessarily putting much more on credit cards (\u00a30.9 billion). Instead,\u00a0more borrowing came from things like car finance and personal loans (\u00a31.1 billion).<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">All in all, this points to some softening in housing demand but\u00a0consumer borrowing is still relatively resilient. In other words,\u00a0UK households became more cautious about borrowing to buy homes, but continued borrowing for other purchases.<\/p>\n<\/p>\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>UK July mortgage approvals 56.05k vs 59.50k expected Prior 58.20k; revised to 58.21k UK July net consumer credit \u00a32.0 billion vs \u00a31.8 billion expected Prior \u00a31.81 billion; revised to \u00a31.86 billion Net&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-437297","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=437297"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437297\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=437297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=437297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=437297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}