The number of mortgages approved for house purchase in the United Kingdom rose to 67,086 in October 2018 from an upwardly revised 65,726 in the previous month, the highest number since January and above market expectations of 64,550. Meantime, approvals of loans secured on dwellings for remortgaging edged up to 49,339 in October from 49,337 in September while those for other purposes fell to 14,064 from 14,797. Mortgage lending increased by GBP 4.1 billion in October, beating market consensus of a GBP 3.5 billion gain. Mortgage Approvals in the United Kingdom averaged 84.69 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 66.20 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 79.60 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
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-30 08:30 AM Mortgage Approvals 64.77K 65.37K 65K 65.0K
2018-10-01 08:30 AM Mortgage Approvals 66.44K 65.16K 64.5K 64.4K
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
2019-01-30 09:30 AM Mortgage Approvals 66.20
2019-03-01 09:30 AM Mortgage Approvals

United Kingdom Housing Last Previous Highest Lowest Unit
Housing Starts 41190.00 39890.00 69520.00 16420.00 units [+]
Construction Output 3.80 3.00 24.00 -19.20 percent [+]
Housing Index 726.90 736.90 743.70 96.10 Index Points [+]
Mortgage Approvals 67.09 65.73 151.80 26.30 Thousand [+]
Mortgage Applications 39697.00 38712.00 93542.00 17158.00 Units [+]
Construction Pmi 53.40 53.20 64.60 27.80 [+]
Construction Orders -30.70 -7.70 37.40 -43.90 percent [+]
Home Ownership Rate 63.40 63.50 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
67.09 65.73 151.80 26.30 1986 - 2018 Thousand Monthly

Country Last Previous
Spain 32457.00 Sep/18
United Kingdom 67.09 Oct/18