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.