The number of mortgages approved for house purchase in the United Kingdom fell to 63,793 in December 2018, the lowest number since April, following an upwardly revised 63,952 in November and with market expectations of 63,000. Additionally, approvals of loans secured on dwellings for remortgaging declined to 47,902 from a downwardly revised 48,558 in November while those for other purposes went down to 13,134 from a downwardly revised 14,284. Mortgage lending rose by GBP 4.11 billion in December, above market consensus of a GBP 3.45 billion gain. Mortgage Approvals in the United Kingdom averaged 84.59 Thousand from 1986 until 2018, reaching an all time high of 151.80 Thousand in May of 1988 and a record low of 26.30 Thousand in November of 2008.

Mortgage Approvals in the United Kingdom is expected to be 66.50 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 79.10 in 12 months time. In the long-term, the United Kingdom Mortgage Approvals is projected to trend around 97.60 Thousand in 2020, according to our econometric models.

United Kingdom Mortgage Approvals
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-29 09:30 AM Mortgage Approvals 65.269K 66.101K 64.75K 65.1K
2018-11-29 09:30 AM Mortgage Approvals 67.09K 65.73K 64.55K 65.6K
2019-01-04 09:30 AM Mortgage Approvals 63.73K 66.71K 66.5K 66.7K
2019-01-30 09:30 AM Mortgage Approvals 63.79K 63.95K 63K 64.2K
2019-03-01 09:30 AM Mortgage Approvals 63.79K 64.9K
2019-03-29 08:30 AM Mortgage Approvals
2019-05-01 08:30 AM Mortgage Approvals 66.5K


United Kingdom Housing Last Previous Highest Lowest Unit
Housing Starts 46930.00 41950.00 69520.00 16420.00 units [+]
Construction Output -2.40 1.80 24.00 -19.20 percent [+]
Housing Index 724.00 745.80 745.80 96.10 Index Points [+]
Mortgage Approvals 63.79 63.95 151.80 26.30 Thousand [+]
Mortgage Applications 38779.00 39205.00 92296.00 17573.00 Units [+]
Construction Pmi 50.60 52.80 64.60 27.80 [+]
Construction Orders -30.70 -7.70 37.40 -43.90 percent [+]
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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
63.79 63.95 151.80 26.30 1986 - 2018 Thousand Monthly




Country Last Previous
Spain 28835.00 Nov/18
United Kingdom 63.79 Dec/18


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