The number of mortgage approvals for house purchase in the United Kingdom, which is an indicator of future borrowing, was little-changed at 67.0 thousand in November 2021, the lowest since June 2020 but close to the 12-month average up to February 2020 of 66.7 thousand. Also, the number of approvals came in above market expectations of 65.4 thousand. Approvals for remortgaging, which only capture remortgaging with a different lender, rose to 44.5 thousand in November from 42.0 thousand in October. This remained low compared to the 12-month average up to February 2020 of 49.5 thousand, but was the highest since February 2020. Approvals for other purposes increased to 14.3 thousand from 13.6 thousand. source: Bank of England

Mortgage Approvals in the United Kingdom averaged 83.44 Thousand from 1986 until 2021, reaching an all time high of 151.80 Thousand in May of 1988 and a record low of 9.30 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 2022.

Mortgage Approvals in the United Kingdom is expected to be 74.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Mortgage Approvals is projected to trend around 65.00 Thousand in 2023, according to our econometric models.

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United Kingdom Mortgage Approvals


Calendar GMT Actual Previous Consensus TEForecast
2021-11-29 09:30 AM Oct 67.199K 71.9K 71.25K 70.1K
2022-01-04 09:30 AM Nov 67K 67.1K 65.4K 65.1K
2022-02-01 09:30 AM Dec 67K


Related Last Previous Unit Reference
Mortgage Approvals 66.96 67.10 Thousand Nov/21
Mortgage Rate 3.63 3.61 percent Dec/21
Home Loans 3693.00 1149.00 GBP Million Nov/21

News Stream
UK Mortgage Approvals at 17-Month Low
The number of mortgage approvals for house purchase in the United Kingdom, which is an indicator of future borrowing, was little-changed at 67.0 thousand in November 2021, the lowest since June 2020 but close to the 12-month average up to February 2020 of 66.7 thousand. Also, the number of approvals came in above market expectations of 65.4 thousand. Approvals for remortgaging, which only capture remortgaging with a different lender, rose to 44.5 thousand in November from 42.0 thousand in October. This remained low compared to the 12-month average up to February 2020 of 49.5 thousand, but was the highest since February 2020. Approvals for other purposes increased to 14.3 thousand from 13.6 thousand.
2022-01-04
UK Mortgage Approvals Fall to 16-Month Low
The number of mortgage approvals for house purchase in the United Kingdom, which is an indicator of future borrowing, dropped further to 67.2 thousand in October 2021, from a revised 71.9 thousand in the previous month and below market expectations of 71.25 thousand. This was the lowest since June 2020, and was close to the 12-month average up to February 2020 of 66.7 thousand. Approvals for remortgaging, which only capture remortgaging with a different lender, rose slightly to 41.6 thousand in October. This remained low compared to the 12-month average up to February 2020 of 49.1 thousand, but was the highest since March 2020 (42.7 thousand).
2021-11-29
UK Mortgage Approvals Fall to 14-Month Low
The number of mortgage approvals for house purchase in the UK decreased to 72.6 thousand in September 2021, from a revised 74.2 thousand in the previous month and slightly above market expectations of 70.95 thousand. This was again the lowest since July 2020, but remained above pre-pandemic levels. Approvals for remortgaging, which only capture remortgaging with a different lender, rose slightly to 41.5 thousand in September, remaining low compared to the months running up to February 2020, but is the highest since March 2020.
2021-10-29

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.