The number of mortgage approvals for house purchase in the UK decreased to 82.74 thousand in March of 2021, from a downwardly revised 87.39 thousand in the previous month and below market expectations of 92.3 thousand. The number of approvals, which is an indicator for future lending, was also down from a recent peak of 103.1 thousand in November 2020, but remained relatively strong compared to February 2020 (73 thousand). Approvals for a remortgage, which capture remortgaging with a different lender, were broadly unchanged at 34.8 thousand, while those for other purposes increased to 14.5 thousand from 13.3 thousand in February. source: Bank of England

Mortgage Approvals in the United Kingdom averaged 83.57 Thousand from 1986 until 2021, reaching an all time high of 151.80 Thousand in May of 1988 and a record low of 9.49 Thousand in May of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.

Mortgage Approvals in the United Kingdom is expected to be 76.00 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 74.00 in 12 months time. In the long-term, the United Kingdom Mortgage Approvals is projected to trend around 78.00 Thousand in 2022, according to our econometric models.

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United Kingdom Mortgage Approvals

Actual Previous Highest Lowest Dates Unit Frequency
82.74 87.39 151.80 9.49 1986 - 2021 Thousand Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-02-01 09:30 AM Dec 103K 105K 105K 105K
2021-03-01 09:30 AM Jan 99K 102.8K 96K 97.5K
2021-03-29 08:30 AM Feb 87.7K 97.35K 95K 94.9K
2021-05-04 08:30 AM Mar 82.7K 87.4K 92.3K 90K
2021-06-02 08:30 AM Apr 82.7K
2021-06-29 08:30 AM May
2021-07-29 08:30 AM Jun
2021-09-01 08:30 AM Jul


News Stream
UK Mortgage Approvals Unexpectedly Fall
The number of mortgage approvals for house purchase in the UK decreased to 82.74 thousand in March of 2021, from a downwardly revised 87.39 thousand in the previous month and below market expectations of 92.3 thousand. The number of approvals, which is an indicator for future lending, was also down from a recent peak of 103.1 thousand in November 2020, but remained relatively strong compared to February 2020 (73 thousand). Approvals for a remortgage, which capture remortgaging with a different lender, were broadly unchanged at 34.8 thousand, while those for other purposes increased to 14.5 thousand from 13.3 thousand in February.
2021-05-04
UK Mortgage Approvals Fall More than Forecast
The number of mortgage approvals for house purchase in the UK decreased to 87.67 thousand in February 2021, from a revised 97.35 thousand in the previous month and below market expectations of 95.0 thousand. The number of approvals, which is an indicator for future lending, was also down from a peak of 103.7 thousand in November 2020, but remained well above the monthly average in the six months to February 2020 (67.3 thousand). Approvals for a remortgage, which capture remortgaging with a different lender, rose slightly to 34.3 thousand in February from 32.6 thousand, while those for other purposes declined to 13.1 thousand from 13.2 thousand.
2021-03-29
UK Mortgage Approvals Fall Less than Forecast
The number of mortgage approvals for house purchase in the UK decreased to 99.0 thousand in January 2021, slightly down from a revised 102.8 thousand in the previous month but above market expectations of 96 thousand. The number of approvals, which is an indicator for future lending, was also well above the monthly average in the six months to February 2020 (67.9 thousand). Approvals for a remortgage, which capture remortgaging with a different lender, fell slightly to 32.4 thousand in January from 33.7 thousand, while those for other purposes declined to 13.2 thousand from 13.8 thousand.
2021-03-01
UK Mortgage Approvals Miss Forecasts
The number of mortgage approvals for house purchases in the UK decreased to 103 thousand in December of 2020 from 105 thousand in November and below market expectations of 105 thousand. Still, approvals remained well above February’s pre-Covid level of 73.4 thousand. Recent strength in approvals has more than offset the significant weakness earlier in the year. House purchase approvals – having troughed at a record low of 9,400 in May – totaled 818,500 in 2020, the largest number in one year since 2007. Approvals for remortgage, which only capture remortgaging with a different lender, fell slightly in December to 33,800, around 35% lower than in February (52,400). Remortgage approvals in 2020 (451,400) were lower than in 2019 (587,600).
2021-02-01

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.