The number of mortgage approvals for house purchases in the United Kingdom, which is an indicator of future borrowing, fell to 63,726 in June of 2022 from a downwardly revised 65,681 in May, below market forecasts of 65,000. This is below the 12-month pre-pandemic average up to February 2020 of 66,700. Approvals for remortgaging, which only capture remortgaging with a different lender, decreased to 44,000 in June, from 47,200 in May. This also remains below the 12-month pre-pandemic average up to February 2020 of 49,500. source: Bank of England

Mortgage Approvals in the United Kingdom averaged 83.20 Thousand from 1986 until 2022, reaching an all time high of 151.80 Thousand in May of 1988 and a record low of 9.34 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 August of 2022.

Mortgage Approvals in the United Kingdom is expected to be 51.00 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 62.00 Thousand in 2023 and 68.00 Thousand in 2024, according to our econometric models.

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United Kingdom Mortgage Approvals



Calendar GMT Actual Previous Consensus TEForecast
2022-07-01 08:30 AM May 66.163K 66.064K 64K 64.4K
2022-07-29 08:30 AM Jun 63.726K 65.681K 65K 65.7K
2022-08-30 08:30 AM Jul 63.726K


Related Last Previous Unit Reference
Mortgage Approvals 63.73 65.68 Thousand Jun 2022
Mortgage Rate 4.54 4.38 percent Jul 2022
Home Loans 5273.00 8036.00 GBP Million Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
63.73 65.68 151.80 9.34 1986 - 2022 Thousand Monthly

News Stream
UK Mortgage Approvals Miss Forecasts
The number of mortgage approvals for house purchases in the United Kingdom, which is an indicator of future borrowing, fell to 63,726 in June of 2022 from a downwardly revised 65,681 in May, below market forecasts of 65,000. This is below the 12-month pre-pandemic average up to February 2020 of 66,700. Approvals for remortgaging, which only capture remortgaging with a different lender, decreased to 44,000 in June, from 47,200 in May. This also remains below the 12-month pre-pandemic average up to February 2020 of 49,500.
2022-07-29
UK May Mortgage Approvals Above Forecasts
The number of mortgage approvals for house purchases in the United Kingdom, which is an indicator of future borrowing, ticked up to 66,163 in May of 2022 from an upwardly revised 66,064 in April, above market forecasts of 64,000. This is slightly below the 12-month pre-pandemic average up to February 2020 of 66,700. Approvals for remortgaging, which only capture remortgaging with a different lender, were unchanged at 78,800 in May. This remains below the 12-month pre-pandemic average up to February 2020 of 49,500.
2022-07-01
UK Mortgage Approvals at 22-Month Low
The number of mortgage approvals for house purchases in the United Kingdom, which is an indicator of future borrowing, decreased to 65,974 in April of 2022 from 69,531 in March, below market expectations of 69,000. This is the lowest since June 2020 and remains slightly below the 12-month pre-pandemic average up to February 2020 of 66,700. Approvals for remortgaging, which only capture remortgaging with a different lender, decreased to 47,800 in April. This remains below the 12-month pre-pandemic average up to February 2020 of 49,500.
2022-05-31