The number of mortgages approved for house purchase in the United Kingdom rose to 66,766 in January 2019, the highest number since October, following an upwardly revised 64,468 in December and beating market expectations of 63,400. Additionally, approvals of loans secured on dwellings for remortgaging increased to 50,377 from an upwardly revised 48,481 in December and those for other purposes also went up to 15,382 from an upwardly revised 13,260 in the prior month. Mortgage lending rose by GBP 3.66 billion in January, below market consensus of a GBP 3.90 billion gain. Mortgage Approvals in the United Kingdom averaged 84.55 Thousand from 1986 until 2019, reaching an all time high of 151.80 Thousand in May of 1988 and a record low of 26.30 Thousand in November of 2008.

Mortgage Approvals in the United Kingdom is expected to be 66.50 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 79.10 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
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Calendar GMT Actual Previous Consensus TEForecast
2018-11-29 09:30 AM Mortgage Approvals 67.09K 65.73K 64.55K 65.6K
2019-01-04 09:30 AM Mortgage Approvals 63.73K 66.71K 66.5K 66.7K
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 66.77K 66.4K
2019-05-01 08:30 AM Mortgage Approvals 66.5K
2019-06-01 08:30 AM Mortgage Approvals

United Kingdom Housing Last Previous Highest Lowest Unit
Housing Starts 46930.00 41950.00 69520.00 16420.00 units [+]
Construction Output 1.80 -2.40 24.00 -19.20 percent [+]
Housing Index 766.40 723.80 766.40 96.10 Index Points [+]
Mortgage Approvals 66.77 64.47 151.80 26.30 Thousand [+]
Mortgage Applications 40634.00 39350.00 93589.00 17157.00 Units [+]
Construction Pmi 49.50 50.60 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
66.77 64.47 151.80 26.30 1986 - 2019 Thousand Monthly

Country Last Previous
Spain 20933.00 Dec/18
United Kingdom 66.77 Jan/19