June brought rise in mortgage lending

September 8, 2025 by Brendan O'Neill

Surveys and Statistics

The latest piece of research into the UK mortgage market has found that mortgage lending levels recovered during June, following a couple of months where they were lower.

The new Household Finance Review from UK Finance looks at the market for the second quarter of this year. What it shows is that there was a drop in the amount of lending at the start of that quarter, driven by the Stamp Duty changes. However the report then shows that lending levels recovered at the end of the quarter, with annual growth among both home movers and first-time buyers in June. For the former, there was 8% annual mortgage lending growth, while for the latter it was 14%.

In addition to that, the report also looked at the number of mortgage applications for the quarter. Based on those figures, it seems probable that the rise in lending will go on throughout the third quarter of the year.

One surprising aspect of the research is that the quarter did not bring a rise in remortgaging, despite a lot of fixed rate deals nearing their end. UK Finance has stated that it expects remortgage numbers to rise later in the year, particularly if rates go down.

Its personal finance managing director, Eric Leenders, told Mortgage Introducer that:

“After April’s Stamp Duty changes briefly cooled activity, June’s renewed mortgage uptake – and the steady build-up of savings under competitive rates and a stable ISA allowance- demonstrates the market’s resilience as we move into the third quarter.”

This will keep demand for CeMAP training courses high as the industry continue to thrive.