The House of Commons library has released its regular report on Household debt: Economic indicators.

It can be seen here, and here’s an overview of household debt, mortgage interest rates, and individual insolvencies:

Household Debt as a Percentage of Disposable Income

• Household debt reached its highest point in Q3 2008, at 156.4% of household disposable income.
• It then decreased to 134.6% by early 2016.
• The rate of growth in household debt levels has been slowing since the start of 2022.
• In Q1 2025, the debt-to-income ratio stood at 117.2%.

Current Average Mortgage Interest Rates (June 2025)

• The average Standard Variable Rate (SVR) was 6.98%, which is a decrease of 1.05 percentage points compared to a year ago.
• The average 2-year fixed mortgage rate was 4.32%, down by 0.84 percentage points from a year ago.

Individual Insolvencies

• England and Wales: There were 30,494 individual insolvencies in Q2 2025, an increase of 1,639 from the previous quarter. This Q2 2025 level is 3.2% higher than in Q2 2024.
• Scotland: In Q1 2025, there were 1,673 individual insolvencies, marking an 11% decrease on the year.
• Northern Ireland: Q2 2025 saw 392 individual insolvencies, an increase of 3% on the year.