One man died at the scene, although it has not yet been determined if his death was linked to the attack.
Met Police Commissioner Cressida Dick said the incident was "quite clearly an attack on Muslims", and there would be more police, including armed officers, in the area, "particularly around religious establishments".
"Turkey will maintain her full solidarity and cooperation with the U.K.in the fight against terrorism", it added. Police said he was already receiving first aid when the attack unfolded. He died at the scene, but they say it's not clear if he died from the van attack or something else.
Ten people were hurt, all of them Muslims, with eight of them requiring hospital treatment.
Police said the arrested man would be the "subject of a mental health assessment in due course".
Religious leaders in London condemned Monday's van attack outside a local mosque and observed a moment of silence for the victims. "He was shouting: "All Muslims, I want to kill all Muslims"," another witness, Khalid Amin, told BBCtelevision.
Basu praised locals for detaining the man, saying that their "restraint in the circumstances was commendable". This time, however, the attacker appeared to have deliberately targeted Muslims.
"I can't believe it", Mr Naema, a taxi driver, said.
His mother, Christine Osborne, 72, told the Guardian: "I'm sorry, I'm not talking to reporters".
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Police presence was stepped up near the Finsbury Park mosque after the incident in north London.
The East London mosque said its buildings were evacuated and police were called after a telephone threat, which was later confirmed as a hoax bomb threat.
A cafe owner who had pinned Osborne to the ground said he's sure the attacker would be dead if the imam hadn't intervened.
Residents near Cardiff said they were "shocked" after seeing photographs of their neighbour being arrested in London.
"Diverse, welcoming, vibrant, compassionate, confident and determined never to give in to hate".
- Opened in 1994, Finsbury Park Mosque is an unassuming five-story redbrick building in residential north London, close to Arsenal Football Club's Emirates Stadium.
- Abu Hamza, who was the mosque's imam from 1997 to 2003, was later extradited to the United States, where he was convicted of supporting al Qaeda and Taliban terrorists, and sentenced to life in prison in 2015.
Osborne is reportedly under arrest over suspected "terror offenses", the BBC reported.
"We are working hard to protect all communities and the public will see additional officers patrolling across the city and at Muslim places of worship".
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