The number of mortgages approved for house purchase in the United Kingdom increased to 64,994 in November 2019 from an upwardly revised 64,662 in the previous month and above market expectations of 64,450. Meanwhile, approvals of loans secured on dwellings for remortgaging went down to 48,425 from 50,983 in October and those for other purposes dropped to 13,530 from 14,301. Net mortgage lending rose by GBP 4.052 billion in November, beating market consensus of a GBP 3.90 billion gain. Mortgage Approvals in the United Kingdom averaged 84.08 Thousand from 1986 until 2019, reaching an all time high of 151.80 Thousand in May of 1988 and a record low of 26.36 Thousand in November of 2008. source: Bank of England

Mortgage Approvals in the United Kingdom is expected to be 67.00 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 75.00 in 12 months time. In the long-term, the United Kingdom Mortgage Approvals is projected to trend around 80.00 Thousand in 2020, according to our econometric models.

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United Kingdom Mortgage Approvals

Actual Previous Highest Lowest Dates Unit Frequency
64.99 64.66 151.80 26.36 1986 - 2019 Thousand Monthly



Calendar GMT Actual Previous Consensus TEForecast
2019-09-30 08:30 AM Aug 65.55K 67.01K 66.4K 66.7K
2019-10-29 09:30 AM Sep 65.92K 65.68K 65K 64.8K
2019-11-29 09:30 AM Oct 64.602K 65.803K 65.5K 65.5K
2020-01-03 09:30 AM Nov 64.99K 64.66K 64.45K 64.2K
2020-01-31 09:30 AM Dec 64.99K 64.45K 66.8K


News Stream
2019-11-29
UK Mortgage Approvals Fall More than Expected
The number of mortgages approved for house purchase in the United Kingdom decreased to 64,602 in October 2019 from a revised 65,803 in the previous month and below market expectations of 65,500. Meanwhile, approvals of loans secured on dwellings for remortgaging went up to 51,272 from 49,618 in September and those for other purposes were up at 14,446 from 14,339. Net mortgage lending rose by GBP 4.32 billion in October, slightly beating market consensus of a GBP 3.80 billion gain.

2019-10-29
UK Mortgage Approvals Beat Forecasts
The number of mortgages approved for house purchase in the United Kingdom increased to 65,919 in September 2019 from a revised 65,681 in the previous month and above market expectations of 65,000. Meanwhile, approvals of loans secured on dwellings for remortgaging went up to 49,268 from 48,656 in August and those for other purposes declined to 14,318 from 14,623. Net mortgage lending rose by GBP 3.85 billion in September, slightly beating market consensus of a GBP 3.80 billion gain.

2019-09-30
UK Mortgage Approvals Drop from 18-Month High
The number of mortgages approved for house purchase in the United Kingdom dropped to 65,545 in August 2019 from an 18-month high of 67,011 in the previous month and below market expectations of 66,400. Meanwhile, approvals of loans secured on dwellings for remortgaging went up to 48,515 from 47,620 in July and those for other purposes increased to 14,635 from 13,965. Net mortgage lending rose by GBP 3.85 billion in August, missing market consensus of a GBP 4.20 billion gain.

2019-08-30
UK Mortgage Approvals Hit 2-Year High in July
The number of mortgages approved for house purchase in the United Kingdom increased to 67,306 in July 2019 from an upwardly revised 66,506 in the previous month and above market expectations of 66,167. That was the greatest number of mortgages approvals since July 2017. Also, approvals of loans secured on dwellings for remortgaging went up to 47,430 from 47,110 in June while those for other purposes dropped to 13,882 from 14,536. Net mortgage lending rose by GBP 4.611 billion in July, the biggest increase since March 2016 and above market consensus of a GBP 3.70 billion gain.

2019-07-29
UK Mortgage Approvals Rise to 5-Month High
The number of mortgages approved for house in the United Kingdom increased to 66,440 in June 2019 from an upwardly revised 65,647 in the previous month and above market expectations of 65,750. Meanwhile, approvals of loans secured on dwellings for remortgaging rose to 46,976 from 46,816 in May while those for other purposes dropped to 14,717 from 14,740. Mortgage lending rose by GBP 3.73 billion in June, beating market expectations of a GBP 3.40 billion gain.

2019-07-01
UK Mortgage Approvals Below Forecasts
The number of mortgages approved for house in the United Kingdom decrease to 65,409 in May of 2019 from a downwardly revised 66,045 in the previous month and below market expectations of 65,600. Meanwhile, approvals of loans secured on dwellings for remortgaging fell to 46,706 from 48,945 in April while those for other purposes went up to 14,748 from 14,425. Mortgage lending rose by GBP 3.102 billion in May, the weakest since April 2017 and missing market expectations of a GBP 4.10 billion gain.


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.

United Kingdom Housing Last Previous Highest Lowest Unit
Housing Starts 37220.00 36630.00 69520.00 17120.00 units [+]
Construction Output 2.00 -0.30 24.00 -19.20 percent [+]
Housing Index 412.10 404.58 412.10 45.16 points [+]
Mortgage Approvals 64.99 64.66 151.80 26.36 Thousand [+]
Mortgage Applications 43715.00 41312.00 92238.00 17589.00 Units [+]
Nationwide Housing Prices 429.46 430.37 434.21 98.95 points [+]
Construction Pmi 44.40 45.30 64.60 27.80 points [+]
Construction Orders -6.80 -4.80 37.40 -43.90 percent [+]
Home Loans 4052.00 4312.00 10274.00 -308.00 GBP Million [+]
Home Ownership Rate 65.10 65.00 73.30 63.40 percent [+]