Net mortgage borrowing by UK households, which lags approvals, was GBP 4.8 billion in March 2020, the highest since July last year, compared to an upwardly revised GBP 4.3 billion in the previous month and above market expectations of GBP 3.5 billion. The annual growth rate also rose to 3.6 percent. Mortgage borrowing tends to lag approvals, however, so this strength is likely to reflect strength in approvals in previous months.
Home Loans in the United Kingdom averaged 3287.47 GBP Million from 1986 until 2020, reaching an all time high of 10316 GBP Million in October of 2006 and a record low of -301 GBP Million in December of 2010. This page provides - United Kingdom Mortgage Lending- actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Mortgage Lending - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Bank of England
Home Loans in the United Kingdom is expected to be 4000.00 GBP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Home Loans in the United Kingdom to stand at 3800.00 in 12 months time. In the long-term, the United Kingdom Mortgage Lending is projected to trend around 4500.00 GBP Million in 2021, according to our econometric models.