The latest mortgage lending findings for June from the Financial Conduct Authority are as follows:
- The outstanding value of all residential mortgage loans increased by 0.7% from the previous quarter to £1,746.1 billion, and was 2.6% higher than a year earlier.
- The value of gross mortgage advances decreased by 12.3% from the previous quarter to £69.6 billion, and was 10.2% lower than a year earlier.
- The value of new mortgage commitments increased by 11.5% from the previous quarter to £78.0 billion, and was 14.2% higher than a year earlier.
In information from Zoopla house prices rose 0.1% month-on-month and 0.6% over the last quarter. The average UK house price is £271,900, up 1.5% over the past 12 months, a gain of £4,030 per home. This has been helped by resilient demand in many areas. Market activity does vary across the UK, with recent improvements in affordability helping to stabilise conditions.
Insights:
The latest Zoopla data for June shows that semi-detached houses are the strongest-performing property type in the UK, rising 2.5% over the past year.
Flats and maisonettes are the only group with prices falling nationally, down 1.3% year-on-year.
Key statistics include:
- House price inflation has eased slightly to 1.4%
- Mortgage rates peaked at 5% in April, up from just under 4% at the start of the year, and have since begun to edge down
- Sales are down in across areas and house price inflation varies from 3.5% in northern England to small price falls in the south
- Higher mortgage rates and political uncertainty have shrunk the pool of home buyers – sales agreed are 7% lower in June
- Zoopla expect price growth to ease further in the second half of the year, with sales likely to finish 6–8% lower than 2025, at around 1.1 million completions
Insights:
The latest Zoopla data shows that semi-detached houses are the strongest-performing property type in the UK, rising 2.5% over the past year.
Flats and maisonettes are the only group with prices falling nationally, down 1.3% year-on-year.
House prices in Belfast, Blackburn and Burnley are growing at more than 4 times the national average, making them the strongest growth cities in the UK.
Prime Central London is the most expensive city in the UK at £978,700, nearly double the UK average of £271,900.
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Sources:
Mortgage lending statistics – June 2026 | FCA
UK house prices: The complete guide to UK property prices in June 2026 – Zoopla
House Price Index: June 2026 – Zoopla