The number of mortgage approvals for house purchases in the UK increased to 105 thousand in November 2020, the highest level since August 2007 and well above market expectations of 82.5 thousand. The recent strength in approvals has almost fully offset the significant weakness earlier in the year. Approvals for a remortgage, which capture remortgaging with a different lender, rose slightly to 35.1 thousand, but remained around 33 lower lower than in February 2020. Approvals for other purposes declined to 12.3 thousand in November from 12.4 thousand in October. In the January to November period, there were 715.3 thousand house purchase approvals, close to the number during the same period in 2019 (722 thousand). source: Bank of England

Mortgage Approvals in the United Kingdom averaged 83.51 Thousand from 1986 until 2020, reaching an all time high of 151.80 Thousand in May of 1988 and a record low of 9.36 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 January of 2021.

Mortgage Approvals in the United Kingdom is expected to be 95.00 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 66.00 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
105.00 98.30 151.80 9.36 1986 - 2020 Thousand Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-09-29 08:30 AM Aug 84.7K 66.3K 71K 69K
2020-10-29 09:30 AM Sep 91.5K 85.5K 76.112K 76K
2020-11-30 09:30 AM Oct 97.5K 92.1K 84.486K 84.5K
2021-01-04 09:30 AM Nov 105K 98.3K 82.5K 80.1K
2021-02-01 09:30 AM Dec 105K 115K
2021-03-01 09:30 AM Jan
2021-03-29 08:30 AM Feb
2021-05-04 08:30 AM Mar


News Stream
UK Mortgage Approvals Climb to Over 13-Year High
The number of mortgage approvals for house purchases in the UK increased to 105 thousand in November 2020, the highest level since August 2007 and well above market expectations of 82.5 thousand. The recent strength in approvals has almost fully offset the significant weakness earlier in the year. Approvals for a remortgage, which capture remortgaging with a different lender, rose slightly to 35.1 thousand, but remained around 33 lower lower than in February 2020. Approvals for other purposes declined to 12.3 thousand in November from 12.4 thousand in October. In the January to November period, there were 715.3 thousand house purchase approvals, close to the number during the same period in 2019 (722 thousand).
2021-01-04
UK Mortgage Approvals Jump to Over 13-Year High
The number of mortgage approvals for house purchases in the UK increased to 97.5 thousand in October 2020, the highest level since September 2007 and well above market expectations of 84.5 thousand. The approvals were 33% above the February 2020 level and around 10 times higher than the trough of 9.4 thousand in May. Approvals for a remortgage, which capture remortgaging with a different lender, were broadly unchanged at 32.9 thousand, remaining 40 percent lower than in February. Approvals for other purposes rose to 12.4 thousand in October from 12.0 thousand in September.
2020-11-30
UK Mortgage Approvals Hit 13-Year High in September
The number of mortgages approved for house purchases in the United Kingdom jumped to 91.5 thousand in September 2020, easily beating forecasts of 76.1 thousand, as the housing market continued to show signs of recovery. This was the highest number of approvals since September 2007, and was 24 percent higher than approvals in February 2020. Approvals for remortgage, which capture remortgaging with a different lender, were slightly down at 32.7 thousand, remaining 38 percent lower than in February. Approvals for other purposes rose to 11.9 thousand in September from 11.3 thousand in August.
2020-10-29
UK Mortgage Approvals Hit 13-Year High
The number of mortgages approved for house purchase in the United Kingdom jumped to 84.7 thousand in August 2020, easily beating forecasts of 71.0 thousand, as the mortgage market continued to show more signs of recovery. This was the highest number of approvals since October 2007 but it only partially offset weakness seen between March and June. From January to August, a total of 418 thousand mortgages for house purchase have been approved, compared with 524 thousand in the same period in 2019. Approvals for remortgage, which capture remortgaging with a different lender, were little-changed at 33.4 thousand, remaining 36 percent lower than in February. Approvals for other purposes rose to 11.3 thousand in August from 10.2 thousand in July.
2020-09-29

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.