The number of mortgages approved for house purchase in the United Kingdom decreased to 56,161 in March 2020, the lowest since March 2013, from an upwardly revised 73,674 in the previous month and below market expectations of 60,000. Also, approvals of loans secured on dwellings for remortgaging fell to 42,551 from 53,061 in February and those for other purposes dropped to 11,981 from 14,418.

Mortgage Approvals in the United Kingdom averaged 83.91 Thousand from 1986 until 2020, 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. 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 2020. source: Bank of England

Mortgage Approvals in the United Kingdom is expected to be 69.50 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 2021, according to our econometric models.

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United Kingdom Mortgage Approvals

Actual Previous Highest Lowest Dates Unit Frequency
56.16 73.67 151.80 26.36 1986 - 2020 Thousand Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-01-31 09:30 AM Dec 67.241K 65.514K 65.7K 66.8K
2020-03-02 09:30 AM Jan 70.89K 67.93K 67.9K 68.2K
2020-03-30 08:30 AM Feb 73.55K 70.89K 68.206K 67.5K
2020-05-01 08:30 AM Mar 56.2K 73.67K 60K 62K
2020-06-02 08:30 AM Apr 56.2K 45K
2020-06-29 08:30 AM May
2020-07-29 08:30 AM Jun 69.5K
2020-09-01 08:30 AM Jul


News Stream
UK Mortgage Approvals Fall to 7-Year Low
The number of mortgages approved for house purchase in the United Kingdom decreased to 56,161 in March 2020, the lowest since March 2013, from an upwardly revised 73,674 in the previous month and below market expectations of 60,000. Also, approvals of loans secured on dwellings for remortgaging fell to 42,551 from 53,061 in February and those for other purposes dropped to 11,981 from 14,418.
2020-05-01
UK Mortgage Approvals Hit 6-Year High in February
The number of mortgages approved for house purchase in the United Kingdom increased to 73,546 in February 2020, the highest since January 2014, following an upwardly revised 71,344 in the previous month and above market expectations of 68,206. Also, approvals of loans secured on dwellings for remortgaging rose to 53,383 from 52,073 in January and those for other purposes increased to 14,638 from 14,290.
2020-03-30
UK Mortgage Approvals at Near 4-Year High
The number of mortgages approved for house purchase in the United Kingdom increased to 70,888 in January 2020, the most since February 2016, following an upwardly revised 67,930 in the previous month and above market expectations of 67,900. Also, approvals of loans secured on dwellings for remortgaging rose to 52,112 from 50,150 in December while those for other purposes fell to 14,184 from 14,299. Net mortgage lending went up by GBP 4.007 billion in January, missing market consensus of GBP 4.70 billion gain.
2020-03-02
UK Mortgage Approvals at Near 2-1/2-Year High
The number of mortgages approved for house purchase in the United Kingdom rose to 67,241 in December 2019, the most since July 2017 and compared to an upwardly revised 65,514 in the previous month and above market expectations of 65,700. Also, approvals of loans secured on dwellings for remortgaging increased to 49,680 from 48,629 in November and those for other purposes went up to 14,365 from 13,528. Net mortgage lending rose by GBP 4.052 billion in December, beating market consensus of a GBP 4.10 billion gain.
2020-01-31

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.