Macro EconomyMedium•29 September 2026•
1 min read
UK Unsecured Lending Hits Record High as Mortgage Approvals Decline
Key Facts
1Unsecured lending in the UK has reached a record high according to the latest data.
2UK mortgage approvals have declined alongside an increase in consumer borrowing.
Unsecured lending in the United Kingdom has reached a record high according to the latest economic data. Investing.com reported that UK mortgage approvals have declined significantly, highlighting a divergence in the credit market as consumer borrowing surges.
The shift suggests that households may be relying more on credit for spending amidst a broader slowdown in the property sector. This follows data from September 23, 2026, which showed the UK Manufacturing PMI at 52 and the Services PMI at 51.7.