United Kingdom Mortgage Approvals

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. Mortgage Approvals in the United Kingdom averaged 84.35 Thousand from 1986 until 2019, reaching an all time high of 151.80 Thousand in May of 1988 and a record low of 26.35 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 77.90 in 12 months time. In the long-term, the United Kingdom Mortgage Approvals is projected to trend around 87.60 Thousand in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2019-03-29	09:30 AM	Mortgage Approvals Feb	64.34K	66.7K	65K	66.4K
2019-05-01	08:30 AM	Mortgage Approvals Mar	62.341K	65.34K	64.85K	65.5K
2019-05-31	08:30 AM	Mortgage Approvals Apr	66.26K	62.56K	63.25K	63.4K
2019-07-01	08:30 AM	Mortgage Approvals May	65.409K	66.045K	65.6K	66.7K
2019-07-29	08:30 AM	Mortgage Approvals Jun		65.409K		70.2K
2019-08-30	08:30 AM	Mortgage Approvals Jul
2019-09-30	08:30 AM	Mortgage Approvals Aug

United Kingdom Housing	Last	Previous	Highest	Lowest	Unit
Housing Starts	38290.00	35660.00	69520.00	16420.00	units	[+]
Construction Output	1.70	3.10	24.00	-19.20	percent	[+]
Housing Index	767.40	769.30	769.30	96.10	Index Points	[+]
Mortgage Approvals	65.41	66.05	151.80	26.35	Thousand	[+]
Nationwide Housing Prices	431.92	428.79	432.91	98.95	Index Points	[+]
Mortgage Applications	42384.00	42898.00	92431.00	17275.00	Units	[+]
Construction Pmi	43.10	48.60	64.60	27.80		[+]
Construction Orders	6.60	-10.30	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 July of 2019.