The value of gross mortgage advances in the UK rose sharply in the second quarter of 2026, increasing 11.1% from the previous quarter to £77.4 billion, according to the latest FCA figures.

The regulator’s Mortgage Lending and Administration Return (MLAR) statistics show that gross mortgage advances were 31.7% higher than in the same quarter a year.

The outstanding value of all residential mortgage loans also increased, rising 0.8% from the previous quarter to £1,760.6 billion. Compared with a year earlier, the outstanding value of residential mortgage loans was 3.1% higher.

New mortgage commitments — lending agreed but not yet advanced — increased 1.4% from the previous quarter to £79.2 billion. The value of new commitments was 1.3% higher than a year earlier.

The figures form part of the quarterly MLAR statistics, which provide data on mortgage lending and administration across regulated lenders and administrators.

Around 340 regulated mortgage lenders and administrators have been required to submit an MLAR each quarter since the beginning of 2007, providing information on their mortgage lending activities.

The data is published jointly by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), which share responsibility for regulating mortgage lenders and administrators.

The statistics cover the outstanding value of residential mortgage loans, gross mortgage advances broken down by loan-to-value ratios, income multiples and the purpose of the loan, as well as the value of new mortgage commitments.

They also include the proportion of mortgage loans above Bank of England base rate.