Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

Barclays Reports £17.7bn Gross Mortgage Lending in H1 2026

Barclays has reported gross mortgage lending of £17.7bn for the first half of 2026, an increase from £15.4bn in the same period last year. The lender’s interim results show a year-on-year growth of around 15% in gross lending.

Barclays’ UK mortgage balances rose to £176.7bn as of 30 June 2026, up from £166.8bn a year earlier. The bank stated that UK lending balances grew by 5% year-on-year during the first half of 2026, with the increase mainly driven by mortgage growth.

The average loan to value (LTV) for new mortgage lending remained steady at 70% compared to the previous year. Across the wider mortgage portfolio, the average LTV increased to 57%, up from 54% a year earlier.

Barclays UK also reported an 8% rise in net interest income, reaching £3.986bn in the first half of 2026, compared to £3.677bn a year earlier. The net interest margin increased to 3.7%, up from 3.55% in the same period last year.

Credit impairment charges for Barclays UK were £338m for the first half of 2026, compared with £237m in the same period last year. The lender said this increase reflected stable underlying credit performance, noting that the previous year had benefitted from a recalibration adjustment in the retail credit card portfolio.

Total income for Barclays UK reached £4.517bn for the first half of 2026, up 8% year-on-year. Profit before tax increased by 10% to £1.767bn.

These results may be of interest to UK letting agents and inventory clerks monitoring mortgage market trends and lender activity.