The number of mortgages approved for house purchase in the United Kingdom fell to 62,341 in March of 2019 from an upwardly revised 65,340 in the previous month and well below market expectations of 64,850. Meanwhile, approvals of loans secured on dwellings for remortgaging increased to 49,713 from 49,289 in February and those for other purposes went up to 14,531 from 14,444. Mortgage lending rose by GBP 4.12 billion in March, above market expectations of a GBP 3.544 billion gain. Mortgage Approvals in the United Kingdom averaged 84.44 Thousand from 1986 until 2019, reaching an all time high of 151.80 Thousand in May of 1988 and a record low of 26.33 Thousand in November of 2008.

Mortgage Approvals in the United Kingdom is expected to be 70.20 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Mortgage Approvals in the United Kingdom to stand at 80.60 in 12 months time. In the long-term, the United Kingdom Mortgage Approvals is projected to trend around 97.60 Thousand in 2020, according to our econometric models.

United Kingdom Mortgage Approvals
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-30 09:30 AM Mortgage Approvals 63.79K 63.95K 63K 64.2K
2019-03-01 09:30 AM Mortgage Approvals 66.77K 64.47K 63.4K 64.9K
2019-03-29 09:30 AM Mortgage Approvals 64.34K 66.7K 65K 66.4K
2019-05-01 08:30 AM Mortgage Approvals 62.341K 65.34K 64.85K 65.5K
2019-05-31 08:30 AM Mortgage Approvals 62.341K
2019-07-01 08:30 AM Mortgage Approvals
2019-07-29 08:30 AM Mortgage Approvals 70.2K

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 Mortgage Approvals

Mortgage approvals for house purchase refers to the firm offers of lenders to advance credit secured on specific dwellings to their customers. It covers approvals that are fully secured on residential property by a first mortgage. It includes existing borrowers transferring their existing mortgage to another property, lending to first-time purchasers and lending for buy-to-let purposes. This page provides the latest reported value for - United Kingdom Mortgage Approvals - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Mortgage Approvals - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
62.34 65.34 151.80 26.33 1986 - 2019 Thousand Monthly

Country Last Previous
Spain 31018.00 Feb/19
United Kingdom 62.34 Mar/19