The number of mortgages approved for house in the United Kingdom increased to 66,440 in June 2019 from an upwardly revised 65,647 in the previous month and above market expectations of 65,750. Meanwhile, approvals of loans secured on dwellings for remortgaging rose to 46,976 from 46,816 in May while those for other purposes dropped to 14,717 from 14,740. Mortgage lending rose by GBP 3.73 billion in June, beating market expectations of a GBP 3.40 billion gain. Mortgage Approvals in the United Kingdom averaged 84.31 Thousand from 1986 until 2019, reaching an all time high of 151.80 Thousand in May of 1988 and a record low of 26.35 Thousand in November of 2008.

Mortgage Approvals in the United Kingdom is expected to be 65.40 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 74.50 in 12 months time. In the long-term, the United Kingdom Mortgage Approvals is projected to trend around 80.00 Thousand in 2020, according to our econometric models.

United Kingdom Mortgage Approvals
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-01 08:30 AM Mortgage Approvals Mar 62.341K 65.34K 64.85K 65.5K
2019-05-31 08:30 AM Mortgage Approvals Apr 66.26K 62.56K 63.25K 63.4K
2019-07-01 08:30 AM Mortgage Approvals May 65.409K 66.045K 65.6K 66.7K
2019-07-29 08:30 AM Mortgage Approvals Jun 66.44K 65.65K 65.75K 65.9K
2019-08-30 08:30 AM Mortgage Approvals Jul 66.44K 65.75K 66.8K
2019-09-30 08:30 AM Mortgage Approvals Aug
2019-10-29 09:30 AM Mortgage Approvals Sep 65.4K

United Kingdom Housing Last Previous Highest Lowest Unit
Housing Starts 36630.00 40040.00 69520.00 17120.00 units [+]
Construction Output -0.20 1.30 24.00 -19.20 percent [+]
Housing Index 764.20 766.00 769.30 96.10 Index Points [+]
Mortgage Approvals 66.44 65.65 151.80 26.35 Thousand [+]
Nationwide Housing Prices 434.21 431.92 434.21 98.95 Index Points [+]
Mortgage Applications 42653.00 42407.00 92238.00 17579.00 Units [+]
Construction Pmi 45.30 43.10 64.60 27.80 [+]
Construction Orders 6.60 -10.30 37.40 -43.90 percent [+]
Home Loans 3731.00 2938.00 10265.00 -312.00 GBP Million [+]
Home Ownership Rate 65.00 63.40 73.30 63.40 percent [+]

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. 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 - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
66.44 65.65 151.80 26.35 1986 - 2019 Thousand Monthly

Country Last Previous
Spain 34883.00 May/19
United Kingdom 66.44 Jun/19