British banks approved 43,715 mortgages for new house purchase in November 2019, the most since January 2017 and compared to a revised 41,312 in October, data from trade association UK Finance showed. Still, consumer credit rose by 4.0 percent year-on-year, the smallest increase since April, as credit card lending growth was the weakest in five years.

Mortgage Applications in the United Kingdom averaged 50649.45 Units from 1997 until 2019, reaching an all time high of 92238 Units in March of 2002 and a record low of 17589 Units in November of 2008. This page provides - United Kingdom Mortgage Applications- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: UK Finance

Mortgage Applications in the United Kingdom is expected to be 42500.00 Units by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Mortgage Applications in the United Kingdom to stand at 49500.00 in 12 months time. In the long-term, the United Kingdom UK Finance Mortgage Approvals is projected to trend around 54400.00 Units in 2020, according to our econometric models.


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United Kingdom UK Finance Mortgage Approvals

Actual Previous Highest Lowest Dates Unit Frequency
43715.00 41312.00 92238.00 17589.00 1997 - 2019 Units Monthly
SA

Calendar GMT Actual Previous Consensus TEForecast
2019-09-25 08:30 AM Aug 42.576K 43.303K 44.0K
2019-10-24 08:30 AM Sep 42.31K 42.527K 42.1K
2019-11-26 09:30 AM Oct 41.219K 42.216K 43.1K 43K
2019-12-30 09:30 AM Nov 43.7K 41.3K 41.9K
2020-01-27 09:30 AM Dec 43.7K 42.5K


News Stream
2019-11-26
UK Banks Approve Fewest Mortgages in 7 Months
British banks approved 41,219 mortgages for new house purchase in October 2019, the fewest since March and below market expectations of 43,100, data from trade association UK Finance showed. Approvals of loans secured on dwellings for remortgaging decreased to 31,119 from 32,458 in September, and those for other purposes declined to 8,402 from 8,968. Still, net mortgage lending picked up to GBP 3.452 billion in October from GBP 2.457 billion, while net credit card lending dropped to GBP 0.056 billion from GBP 0.078 billion.

2019-10-24
UK Mortgage Approvals at 6-Month Low: UK Finance
British banks approved 42,310 mortgages for new house purchase in September 2019, the least in six months, data from trade association UK Finance showed. Approvals of loans secured on dwellings for remortgaging increased to 32,649 from 32,225 in August, its highest level since November 2017; while those for other purposes declined to 9,079 from 9,124. Net mortgage lending slowed to GBP 2.333 billion in September from GBP 3.405 billion, and net credit card lending rose to GBP 0.081 billion from GBP 0.059 billion. The annual growth of credit card lending by major banks eased to 3.0 percent, the slowest rate since November 2014.

2019-09-25
UK Mortgage Approvals Fall in August: UK Finance
British banks approved 42,576 mortgages for new house purchase in August 2019, below a revised 43,303 mortgages in July, data from trade association UK Finance showed. Approvals of loans secured on dwellings for remortgaging increased to 31,627 from 30,589 in July, while those for other purposes declined to 9,128 from 9,207. Net mortgage lending picked up to GBP 3.646 billion in August, its highest since March 2016, and net credit card lending rose to GBP 0.063 billion from GBP 0.043 billion. Still, the annual growth of credit card lending by major banks eased to 3.3 percent, the slowest rate since February 2015.

2019-08-27
UK Mortgage Approvals Jump to 2-1/2-Year High
British banks approved 43,342 mortgages for new house purchase in July 2019, the most since February 2017 and above market expectations of 42,800, data from trade association UK Finance showed. Approvals of loans secured on dwellings for remortgaging increased to 30,218 from 29,055 in June and those for other purposes rose to 9,200 from 9,004. Net mortgage lending picked up to GBP 2.947 billion in July, its highest level since March 2016, while net credit card lending eased to GBP 0.049 billion from GBP 0.112 billion.

2019-07-24
UK Mortgage Approvals Near 2-Year High in June
British banks approved 42,653 mortgages for new house purchase in June 2019, up from 42,407 in the previous month and close to April's two-year high of 42,792, revised data from trade association UK Finance showed. June's figures compared to market expectations of 42,900. Approvals of loans secured on dwellings for remortgaging increased to 28,806 from 28,748 in May while those for other purposes fell to 8,923 from 9,111. Net mortgage lending picked up to GBP 1.579 billion in June from GBP 1.374 billion in the previous month, while net credit card lending eased to GBP 0.119 billion from GBP 0.247 billion.

2019-06-26
UK Mortgage Approvals Below Forecasts: UK Finance
British banks approved 42,384 mortgages for new house purchase in May 2019, up 8.7 percent from a year earlier, but below an over two-year high of 42,898 reported in the previous month, revised data from trade association UK Finance showed. May’s figures compared to market expectations of 43,200. Approvals of loans secured on dwellings for remortgaging declined to 28,787 from 30,810 in April while those for other purposes rose to 9,161 from 8,927. Consumer credit grew by 4.1 percent year-on-year, following a 3.8 percent gain in the prior month.


United Kingdom UK Finance Mortgage Approvals
UK Finance Mortagge Approvals for the United Kingdom show the number of approvals given for house purchase, excluding remortgaging and those for other purposes. Data include customers' activity of Barclays, HSBC Bank, Lloyds Banking Group, Royal Bank of Scotland Group, Santander UK, TSB and Virgin Money, which collectively account for around two-thirds of domestic retail banking assets.

United Kingdom Housing Last Previous Highest Lowest Unit
Housing Starts 37220.00 36630.00 69520.00 17120.00 units [+]
Construction Output 2.00 -0.30 24.00 -19.20 percent [+]
Housing Index 412.10 404.58 412.10 45.16 points [+]
Mortgage Approvals 64.99 64.66 151.80 26.36 Thousand [+]
Mortgage Applications 43715.00 41312.00 92238.00 17589.00 Units [+]
Nationwide Housing Prices 429.46 430.37 434.21 98.95 points [+]
Construction Pmi 44.40 45.30 64.60 27.80 points [+]
Construction Orders -6.80 -4.80 37.40 -43.90 percent [+]
Home Loans 4052.00 4312.00 10274.00 -308.00 GBP Million [+]
Home Ownership Rate 65.10 65.00 73.30 63.40 percent [+]