British banks approved 39,980 mortgages for new house purchase in March 2019, more than 39,207 in the previous month and market expectations of 38,700, revised data from trade association UK Finance showed. It was the highest reading in nine months and up by 6 percent from a year earlier. Also, approvals of loans secured on dwellings for remortgaging increased to 29,448 from 27,222 in February and those for other purposes went up to 8,815 from 8,615. Consumer credit grew by 4.1 percent year-on-year, the strongest since June last year. Mortgage Applications in the United Kingdom averaged 50890.86 Units from 1997 until 2019, reaching an all time high of 92331 Units in March of 2002 and a record low of 17562 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
2019-01-25 09:30 AM UK Finance Mortgage Approvals 38.779K 39.205K 39.0K 42.6K
2019-02-26 01:40 PM UK Finance Mortgage Approvals 40.634K 39.350K 38.5K 40.1K
2019-03-26 09:30 AM UK Finance Mortgage Approvals 39.083K 39.910K 39.4K 41.1K
2019-04-26 08:30 AM UK Finance Mortgage Approvals 39.980K 39.207K 38.7K 40.9K
2019-05-28 08:30 AM UK Finance Mortgage Approvals 39.980K
2019-06-26 08:30 AM UK Finance Mortgage Approvals
2019-07-24 08:30 AM UK Finance Mortgage Approvals 45.4K


United Kingdom Housing Last Previous Highest Lowest Unit
Housing Starts 35660.00 46930.00 69520.00 16420.00 units [+]
Construction Output 3.20 3.20 24.00 -19.20 percent [+]
Housing Index 765.82 757.32 766.90 96.10 Index Points [+]
Mortgage Approvals 62.34 65.34 151.80 26.33 Thousand [+]
Mortgage Applications 39980.00 39207.00 92331.00 17562.00 Units [+]
Construction Pmi 50.50 49.70 64.60 27.80 [+]
Construction Orders -10.50 -31.40 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
39980.00 39207.00 92331.00 17562.00 1997 - 2019 Units Monthly
SA




Country Last Previous
United Kingdom 39980.00 Mar/19
United States -0.60 May/19


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