Mortgage lending expected to grow by 3.3%

EY has forecast that mortgage lending will grow 3.3% before slowing to 2.2% in 2027 as economic pressures and uncertainty are reducing borrowing demand. Mortgage lending remains comparatively resilient, after interest rates and inflation fell back last year, with growth expected to rise marginally from 3.0% in 2025 to 3.3% in 2026. However, rising unemployment,…

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Mortgage lending set to grow 1.6% this year as housing affordability improves

Mortgage lending is set to grow 1.6% this year (up from – 0.1% in 2023), 2.6% in 2025 and 3.3% in 2026, as housing affordability improves according to new analysis by EY ITEM Club. The forecast is on the proviso that inflation and interest rates continue to gradually fall following August and November’s Bank of…

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