British banks approved 39,403 mortgages for new house purchase in November 2018, up 0.2 percent from last year and marking the first annual rise in approvals since September 2017, data from trade association UK Finance showed. November's figures were still down from 39,640 in the previous month and compared to market expectations of 38,900. Approvals of loans secured on dwellings for remortgaging fell to 27,404 from 28,092 in October, and the number of approvals for other purposes declined to 8,107 from 8,507. Net mortgage lending went up to GBP 1.562 billion in November, compared with GBP 1.492 billion in the previous month. Mortgage Applications in the United Kingdom averaged 51072.24 Units from 1997 until 2018, reaching an all time high of 93541 Units in March of 2002 and a record low of 17159 Units in November of 2008.

Mortgage Applications in the United Kingdom is expected to be 42600.00 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 48900.00 in 12 months time. In the long-term, the United Kingdom UK Finance Mortgage Approvals is projected to trend around 52600.00 Units in 2020, according to our econometric models.

United Kingdom UK Finance Mortgage Approvals
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-09-26 08:30 AM UK Finance Mortgage Approvals 39.402K 39.619K 39.7K 41.9K
2018-10-24 08:30 AM UK Finance Mortgage Approvals 38.505K 39.241K 39K 42.8K
2018-11-26 09:30 AM UK Finance Mortgage Approvals 39.697K 38.712K 38.9K 40.5K
2018-12-28 09:30 AM UK Finance Mortgage Approvals 39.403K 39.640K 38.9K 41.8K
2019-01-25 09:30 AM UK Finance Mortgage Approvals 39.403K 39.0K 42.6K
2019-02-26 09:30 AM UK Finance Mortgage Approvals
2019-03-26 08:30 AM UK Finance Mortgage Approvals


United Kingdom Housing Last Previous Highest Lowest Unit
Housing Starts 46930.00 41190.00 69520.00 16420.00 units [+]
Construction Output 3.00 4.10 24.00 -19.20 percent [+]
Housing Index 743.50 727.80 743.70 96.10 Index Points [+]
Mortgage Approvals 63.73 66.71 151.80 26.30 Thousand [+]
Mortgage Applications 39403.00 39640.00 93541.00 17159.00 Units [+]
Construction Pmi 52.80 53.40 64.60 27.80 [+]
Construction Orders -30.70 -7.70 37.40 -43.90 percent [+]
Home Ownership Rate 63.40 63.50 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
39403.00 39640.00 93541.00 17159.00 1997 - 2018 Units Monthly
SA




Country Last Previous
United Kingdom 39403.00 Nov/18
United States 13.50 Jan/19


Related

Latest