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.