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.

Record Mortgage Cancellations and Lending Trends Highlighted in Weekly Round-Up

A record value of £8.7bn in mortgage lending was cancelled in the first quarter of 2026, according to this week's most-read stories from Mortgage Solutions. The round-up also notes a rise in borrowers opting for variable and tracker mortgages during a period of uncertainty.

The report highlights that, amid changing market conditions, more borrowers are choosing not to lock into fixed rate deals. This shift in mortgage preferences may be of interest to letting agents and inventory clerks monitoring tenant and landlord activity in the UK property market.

Other popular stories this week included a feature on the use of drones for property surveys, which could impact how property inspections and inventories are conducted. Additionally, Nationwide reported completing £45.8bn in gross mortgage lending in 2025.

The round-up also mentioned updates from major lenders, including NatWest, Barclays, Santander, and Darlington Building Society, as well as a government consultation on mansion tax policy.