Reaction from Phoebus Software on Mortgage Lenders and Administrators Statistics - 2025 Q3

09 December 2025

Richard Pike, Chief Sales and Marketing Officer at Phoebus Software:

“These figures demonstrate the mortgage market was in rude health over the summer, with overall lending up for the seventh consecutive quarter. Gross advances saw the largest quarterly increase for five years as borrowers took advantage of falling rates following the Bank of England’s base rate cut in August. New mortgage commitments were also at their highest since Q3 2020, showing a strong pipeline for lenders for the rest of the year.

“Just under half of this lending (44.7%) was to borrowers with high loan-to-income ratio as mortgage companies offer more low deposit products. This is opening the possibility of home ownership to more people and stimulating market activity but comes with higher risk. The fact that arrears rates are continuing to fall suggests that lenders are getting the balance right here, and demonstrates the resilience of households in the face of cost-of-living pressures.

“It will be interesting to see next quarter’s figures when we’ll see how the uncertainty leading up to the Budget affected borrower behaviour.”