United Kingdom Mortgage Approvals

The number of mortgages approved for house purchase in the United Kingdom fell to 62,341 in March of 2019 from an upwardly revised 65,340 in the previous month and well below market expectations of 64,850. Meanwhile, approvals of loans secured on dwellings for remortgaging increased to 49,713 from 49,289 in February and those for other purposes went up to 14,531 from 14,444. Mortgage lending rose by GBP 4.12 billion in March, above market expectations of a GBP 3.544 billion gain. Mortgage Approvals in the United Kingdom averaged 84.44 Thousand from 1986 until 2019, reaching an all time high of 151.80 Thousand in May of 1988 and a record low of 26.33 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 80.60 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.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
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	64.34K	66.7K	65K	66.4K
2019-05-01	08:30 AM	Mortgage Approvals	62.341K	65.34K	64.85K	65.5K
2019-05-31	08:30 AM	Mortgage Approvals		62.341K
2019-07-01	08:30 AM	Mortgage Approvals
2019-07-29	08:30 AM	Mortgage Approvals				70.2K

United Kingdom Housing	Last	Previous	Highest	Lowest	Unit
Housing Starts	35660.00	46930.00	69520.00	16420.00	units	[+]
Construction Output	3.20	3.20	24.00	-19.20	percent	[+]
Housing Index	765.82	757.32	766.90	96.10	Index Points	[+]
Mortgage Approvals	62.34	65.34	151.80	26.33	Thousand	[+]
Mortgage Applications	39980.00	39207.00	92331.00	17562.00	Units	[+]
Construction Pmi	50.50	49.70	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 May of 2019.