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. Mortgage Applications in the United Kingdom averaged 50837.63 Units from 1997 until 2019, reaching an all time high of 92431 Units in March of 2002 and a record low of 17275 Units in November of 2008.

Mortgage Applications in the United Kingdom is expected to be 45400.00 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.

United Kingdom UK Finance Mortgage Approvals
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-26 09:30 AM UK Finance Mortgage Approvals Feb 39.083K 39.910K 39.4K 41.1K
2019-04-26 08:30 AM UK Finance Mortgage Approvals Mar 39.980K 39.207K 38.7K 40.9K
2019-05-28 08:30 AM UK Finance Mortgage Approvals Apr 42.989K 40.564K 39.3K 39.5K
2019-06-26 08:30 AM UK Finance Mortgage Approvals May 42.384K 42.898K 43.2K 43.2K
2019-07-24 08:30 AM UK Finance Mortgage Approvals Jun 42.384K 42.9K 45.4K
2019-08-27 08:30 AM UK Finance Mortgage Approvals Jul
2019-09-25 08:30 AM UK Finance Mortgage Approvals Aug


United Kingdom Housing Last Previous Highest Lowest Unit
Housing Starts 38290.00 35660.00 69520.00 16420.00 units [+]
Construction Output 1.70 3.10 24.00 -19.20 percent [+]
Housing Index 767.40 769.30 769.30 96.10 Index Points [+]
Mortgage Approvals 65.41 66.05 151.80 26.35 Thousand [+]
Nationwide Housing Prices 431.92 428.79 432.91 98.95 Index Points [+]
Mortgage Applications 42384.00 42898.00 92431.00 17275.00 Units [+]
Construction Pmi 43.10 48.60 64.60 27.80 [+]
Construction Orders 6.60 -10.30 37.40 -43.90 percent [+]
Home Ownership Rate 65.00 63.40 73.30 63.40 percent [+]


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. This page provides - United Kingdom Mortgage Applications- actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom UK Finance Mortgage Approvals - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
42384.00 42898.00 92431.00 17275.00 1997 - 2019 Units Monthly
SA




Country Last Previous
United Kingdom 42384.00 May/19
United States -1.10 Jul/19


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