London, 15 June 2026 – Evolving financial conditions continue to drive adjustments in how UK households manage their finances, according to the latest Equifax UK Affordability Barometer1 which tracks trends across the nation’s major consumer credit sources - including mortgages and credit cards amongst others.

Equifax data through the end of May 2026 reveals mortgage repayments are 45% above January 2022 levels, reflecting the sustained higher interest rate environment for many homeowners. To manage affordability, a significant portion of mortgage originations continue to feature extended terms, with 11% of loans exceeding 35 years. This trend highlights a continued approach by some borrowers to manage their commitments over longer horizons, particularly as average mortgage APRs currently sit at two-year highs.

Consumer adaptation extends beyond mortgage repayments, as Equifax data shows full-year credit card origination volumes were up 15.5% in 2025, compared to the previous year, indicating strong consumer demand for higher credit ceilings. 

Additionally, the second hand market remains a notable area of consumer activity to help manage household balance sheets. Over 9% of consumers each month are now sourcing items from second-hand vendors, while around 5% are selling items to supplement their income.

Paul Heywood, Chief Data & Analytics Officer at Equifax UK, said: “We continue to see adjustments in how households are managing their finances, with higher mortgage repayment levels and extended loan repayment terms. Consumers continue to demonstrate their ability to adapt spending behaviours and maintain financial commitments, but at the same time today’s economic conditions require continued careful monitoring of household financial resilience. 

Equifax remains committed to providing insights and proactive support to help individuals navigate this dynamic financial environment effectively.”

To check their credit health, consumers can access their Equifax Credit Score for free, and visit the Equifax Knowledge Centre for practical tips on organising finances and managing debt.

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Notes to editors

1. All data is from Equifax UK bureau data, ending May 2026.