According to figures from the Bank of England, this was an increase on the £5.3bn put in during Q1 this year and the largest equity injection since Q1 2009.
£6.2bn is the equivalent of 2.5% of national income.
Britons have now been injecting equity into their properties for more than a year, reversing the equity withdrawal trend which characterised the preceding decade.
David Smith, senior partner at property consultants Carter Jonas, said:
“The significant downward revision of the Q1 figure and the more negative still second quarter figure show definitively that the British public continues to batten down the hatches and pay down its debt.
“Just as we are seeing a net repayment of unsecured debt, so we are seeing secured debt also being whittled down and at a faster pace than before. People are doing the exact opposite of what Charlie Bean and the Bank of England would have them do, namely spend.
“Homeowners have been reducing their mortgage debt for some two years now and this deleveraging will be for the long-term benefit of the property market and economy as a whole.”
