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.