In the first half of 2024, the total value of debt from loans to households in the United Kingdom amounted to approximately ************ British pounds. It was in 2004, when household debt surpassed the ************ British pounds mark. Debts can be formed in a number of ways. The most common forms of debt for households include credit cards, medical debt, student loans, overdrafts, mortgages, automobile financing and personal loans.

Households that have liquidity problems and solvency problems only

In the 4th quarter of 2024, the debt of households in the United Kingdom amounted to ***** percent of their income. This indicator shows the average level of indebtedness of the general population and their ability to repay their debts. The total value of household debt (total liabilities and loans to households) has increased annually since 2000. Debt to income ratio increased during the pandemic As we have seen here, households have been decreasing their indebtedness levels in the past years. However, the volume of new consumer lending actually soared between 2022 and 2024. Meanwhile, the growth rate of mortgages in the UK has remained lower these past years, but it has also shown an increase on amount of lending.

Indebtedness in Europe The household debt of many countries in Europe as a share of their disposable income in 2024 was over 100 percent. That was mostly the case for Northern and Western European countries, such as Norway, the Netherlands, and Denmark. Germany and Austria were some of the largest exceptions, as they were among the few countries in that part of Europe with households' debt representing less than ** percent of their income.

Key information about United Kingdom Household Debt: % of GDP

• United Kingdom household debt accounted for 78.7 % of the country's Nominal GDP in Jun 2025, compared with the ratio of 79.4 % in the previous quarter.
• UK household debt to GDP ratio is updated quarterly, available from Mar 1987 to Jun 2025.
• The data reached an all-time high of 107.8 % in Mar 2010 and a record low of 55.5 % in Mar 1987.

CEIC calculates quarterly Household Debt as % of Nominal GDP from quarterly Household Debt and quarterly Nominal GDP. Office for National Statistics provides Household Debt in local currency and Nominal GDP in local currency. Household Debt includes NPISH.


Related information about United Kingdom Household Debt: % of GDP

• In the latest reports, UK Household Debt reached 3,203.9 USD bn in Jun 2025.
• Money Supply M2 in UK increased 3.8 % YoY in Oct 2025.
• UK Foreign Exchange Reserves was measured at 131.6 USD bn in Oct 2025.
• The Foreign Exchange Reserves equaled 1.7 Months of Import in Sep 2025.
• UK Domestic Credit reached 5,369.5 USD bn in Aug 2025, representing an increased of 1.9 % YoY.
• The country's Non Performing Loans Ratio stood at 1.0 % in Dec 2024, compared with the ratio of 1.0 % in the previous year.

Households Debt in the United Kingdom decreased to 75.90 percent of GDP in the first quarter of 2025 from 76.30 percent of GDP in the fourth quarter of 2024. This dataset provides - United Kingdom Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Home Loans in the United Kingdom decreased to 4273 GBP Million in October from 5223 GBP Million in September of 2025. This dataset provides - United Kingdom Mortgage Lending- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2025, students graduating from English universities will have incurred an average of 53,000 British pounds of student loan debt, compared with 39,000 pounds in Wales, 28,000 pounds in Northern Ireland, and around 18,000 pounds in Scotland.

Data for households in receipt of Support for Mortgage Interest (SMI) loans is available in Stat-Xplore on a quarterly basis.

These quarterly experimental statistics include number of households who are currently in receipt of the support as well as the number who have received SMI loans so far. See the background information and methodology note for an explanation of households.

The statistics are broken down by:

• Quarter
• Country, Region
• Qualifying Benefit

Background information

Read the background information and methodology note for guidance on these statistics, such as timeliness and interpretation.

Interactive statistics

Find further breakdowns of these statistics on https://stat-xplore.dwp.gov.uk/webapi/jsf/login.xhtml">Stat-Xplore, an online tool for exploring some of Department for Work and Pensions (DWP’s) main statistics.

Feedback

We welcome all feedback on the content, relevance, accessibility and timing of these statistics to help us in producing statistics that meet user needs. For non-media enquiries on these statistics email: laura.parkhurst@dwp.gov.uk

For media enquiries please contact the DWP press office.

Next releases

Support for Mortgage Interest statistics are published quarterly. The dates for future releases are listed in the statistics release calendar.

Pre-release access

In addition to staff who are responsible for the production and quality assurance of the statistics, up to 24-hour pre-release access is provided to ministers and other officials. We publish the job titles and organisations of the people who have been granted up to 24-hour pre-release access to the latest Support for Mortgage Interest statistics.

The FCA and the Prudential Regulatory Authority (PRA) both have responsibility for the regulation of mortgage lenders and administrators. They jointly publish the mortgage lending statistics every quarter. Since the beginning of 2007, around 340 regulated mortgage lenders and administrators have been required to submit a Mortgage Lending and Administration Return (MLAR) each quarter, providing data on their mortgage lending activities. Latest findings The outstanding value of all residential mortgage loans increased by 0.5% from the previous quarter to £1,678.2 billion, the highest stock of outstanding mortgage loans since reporting began in 2007, and was 1.3% higher than a year earlier.

The FCA and the Prudential Regulatory Authority (PRA) both have responsibility for the regulation of mortgage lenders and administrators. They jointly publish the mortgage lending statistics every quarter. Since the beginning of 2007, around 340 regulated mortgage lenders and administrators have been required to submit a Mortgage Lending and Administration Return (MLAR) each quarter, providing data on their mortgage lending activities. Latest findings The outstanding value of all residential mortgage loans increased by 0.6% from the previous quarter to £1,670.9 billion, the highest stock of outstanding mortgage loans since 2023 Q1, and was 0.8% higher than a year earlier.

As of 2025, the outstanding student loan debt in the United Kingdom reached over 292 billion British pounds, with the majority of the debt coming from England at 266.6 billion pounds, with student loan debt in Scotland amounting to 9.4 billion, Wales 10.6 billion, and Northern Ireland 5.6 billion.

As of October 2024, mortgages made up most of the lending to households in the United Kingdom. The amounts secured on dwellings (i.e. mortgages) reached a value of over 1.6 trillion British pounds. Meanwhile, the outstanding consumer credit amounted to 233 billion British pounds in the same period.

United Kingdom Mortgage Loans: Quarterly: Advance: Total data was reported at 71,070.000 GBP mn in Sep 2018. This records an increase from the previous number of 65,516.000 GBP mn for Jun 2018. United Kingdom Mortgage Loans: Quarterly: Advance: Total data is updated quarterly, averaging 17,292.000 GBP mn from Dec 1974 (Median) to Sep 2018, with 176 observations. The data reached an all-time high of 97,397.000 GBP mn in Sep 2007 and a record low of 1,000.000 GBP mn in Mar 1975. United Kingdom Mortgage Loans: Quarterly: Advance: Total data remains active status in CEIC and is reported by UK Finance. The data is categorized under Global Database’s United Kingdom – Table UK.KB024: Mortgage Loans by Advance: Council of Mortgage Lenders.

Household debt to GDP, in percent in the United Kingdom, March, 2025 The most recent value is 75.9 percent as of March 2025, a decline compared to the previous value of 76.3 percent. Historically, the average for the United Kingdom from March 1999 to March 2025 is 84.8 percent. The minimum of 60.6 percent was recorded in March 1999, while the maximum of 98.2 percent was reached in March 2010. | TheGlobalEconomy.com

United Kingdom Mortgage Loans Repayment: Other Specialist Lenders (OS) data was reported at 1,563.000 GBP mn in Sep 2018. This records a decrease from the previous number of 1,592.000 GBP mn for Aug 2018. United Kingdom Mortgage Loans Repayment: Other Specialist Lenders (OS) data is updated monthly, averaging 1,585.000 GBP mn from Jan 1999 (Median) to Sep 2018, with 237 observations. The data reached an all-time high of 5,405.000 GBP mn in Feb 2008 and a record low of 327.000 GBP mn in Jan 2000. United Kingdom Mortgage Loans Repayment: Other Specialist Lenders (OS) data remains active status in CEIC and is reported by Bank of England. The data is categorized under Global Database’s United Kingdom – Table UK.KB023: Mortgage Loans: Repayment.

United Kingdom Mortgage Loans Repayment: MFIs data was reported at 16,736.000 GBP mn in Sep 2018. This records a decrease from the previous number of 18,280.000 GBP mn for Aug 2018. United Kingdom Mortgage Loans Repayment: MFIs data is updated monthly, averaging 12,456.500 GBP mn from Oct 1997 (Median) to Sep 2018, with 252 observations. The data reached an all-time high of 21,627.000 GBP mn in Oct 2007 and a record low of 3,412.000 GBP mn in Jan 1998. United Kingdom Mortgage Loans Repayment: MFIs data remains active status in CEIC and is reported by Bank of England. The data is categorized under Global Database’s United Kingdom – Table UK.KB023: Mortgage Loans: Repayment.

United Kingdom Mortgage Loans Approved: sa: Cases: HP: MFIs data was reported at 63,288.000 Unit in Oct 2018. This records an increase from the previous number of 62,550.000 Unit for Sep 2018. United Kingdom Mortgage Loans Approved: sa: Cases: HP: MFIs data is updated monthly, averaging 74,659.000 Unit from Apr 1993 (Median) to Oct 2018, with 307 observations. The data reached an all-time high of 117,923.000 Unit in Feb 2002 and a record low of 25,158.000 Unit in Nov 2008. United Kingdom Mortgage Loans Approved: sa: Cases: HP: MFIs data remains active status in CEIC and is reported by Bank of England. The data is categorized under Global Database’s United Kingdom – Table UK.KB022: Mortgage Loans: Approved.

United Kingdom Mortgage Loans: Quarterly: Advance: Remortgage data was reported at 21,800.000 GBP mn in Sep 2018. This records an increase from the previous number of 20,500.000 GBP mn for Jun 2018. United Kingdom Mortgage Loans: Quarterly: Advance: Remortgage data is updated quarterly, averaging 17,400.000 GBP mn from Mar 2002 (Median) to Sep 2018, with 67 observations. The data reached an all-time high of 34,200.000 GBP mn in Sep 2007 and a record low of 9,000.000 GBP mn in Mar 2013. United Kingdom Mortgage Loans: Quarterly: Advance: Remortgage data remains active status in CEIC and is reported by UK Finance. The data is categorized under Global Database’s United Kingdom – Table UK.KB024: Mortgage Loans by Advance: Council of Mortgage Lenders.

United Kingdom Mortgage Loans Repayment: On Redemption data was reported at 16,202.000 GBP mn in Oct 2018. This records an increase from the previous number of 12,564.000 GBP mn for Sep 2018. United Kingdom Mortgage Loans Repayment: On Redemption data is updated monthly, averaging 10,563.500 GBP mn from Jan 1999 (Median) to Oct 2018, with 238 observations. The data reached an all-time high of 21,506.000 GBP mn in Oct 2007 and a record low of 3,191.000 GBP mn in Jan 1999. United Kingdom Mortgage Loans Repayment: On Redemption data remains active status in CEIC and is reported by Bank of England. The data is categorized under Global Database’s United Kingdom – Table UK.KB023: Mortgage Loans: Repayment.