The number of mortgages approved for house purchase in the United Kingdom rose to 67,241 in December 2019, the most since July 2017 and compared to an upwardly revised 65,514 in the previous month and above market expectations of 65,700. Also, approvals of loans secured on dwellings for remortgaging increased to 49,680 from 48,629 in November and those for other purposes went up to 14,365 from 13,528. Net mortgage lending rose by GBP 4.052 billion in December, beating market consensus of a GBP 4.10 billion gain.

Mortgage Approvals in the United Kingdom averaged 84.03 Thousand from 1986 until 2019, reaching an all time high of 151.80 Thousand in May of 1988 and a record low of 26.36 Thousand in November of 2008. 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. source: Bank of England

Mortgage Approvals in the United Kingdom is expected to be 67.00 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 75.00 in 12 months time. In the long-term, the United Kingdom Mortgage Approvals is projected to trend around 80.00 Thousand in 2021, according to our econometric models.


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United Kingdom Mortgage Approvals

Actual Previous Highest Lowest Dates Unit Frequency
67.24 65.51 151.80 26.36 1986 - 2019 Thousand Monthly


Calendar GMT Actual Previous Consensus TEForecast
2019-10-29 09:30 AM Sep 65.92K 65.68K 65K 64.8K
2019-11-29 09:30 AM Oct 64.602K 65.803K 65.5K 65.5K
2020-01-03 09:30 AM Nov 64.99K 64.66K 64.45K 64.2K
2020-01-31 09:30 AM Dec 67.241K 65.514K 65.7K 66.8K
2020-03-02 09:30 AM Jan 67.241K 65.7K 66.2K
2020-03-30 08:30 AM Feb 67.5K
2020-05-01 08:30 AM Mar 67.0K
2020-06-02 08:30 AM Apr


News Stream
UK Mortgage Approvals at Near 2-1/2-Year High
The number of mortgages approved for house purchase in the United Kingdom rose to 67,241 in December 2019, the most since July 2017 and compared to an upwardly revised 65,514 in the previous month and above market expectations of 65,700. Also, approvals of loans secured on dwellings for remortgaging increased to 49,680 from 48,629 in November and those for other purposes went up to 14,365 from 13,528. Net mortgage lending rose by GBP 4.052 billion in December, beating market consensus of a GBP 4.10 billion gain.
2020-01-31
UK Mortgage Approvals Beat Forecasts
The number of mortgages approved for house purchase in the United Kingdom increased to 64,994 in November 2019 from an upwardly revised 64,662 in the previous month and above market expectations of 64,450. Meanwhile, approvals of loans secured on dwellings for remortgaging went down to 48,425 from 50,983 in October and those for other purposes dropped to 13,530 from 14,301. Net mortgage lending rose by GBP 4.052 billion in November, beating market consensus of a GBP 3.90 billion gain.
2020-01-03
UK Mortgage Approvals Fall More than Expected
The number of mortgages approved for house purchase in the United Kingdom decreased to 64,602 in October 2019 from a revised 65,803 in the previous month and below market expectations of 65,500. Meanwhile, approvals of loans secured on dwellings for remortgaging went up to 51,272 from 49,618 in September and those for other purposes were up at 14,446 from 14,339. Net mortgage lending rose by GBP 4.32 billion in October, slightly beating market consensus of a GBP 3.80 billion gain.
2019-11-29
UK Mortgage Approvals Beat Forecasts
The number of mortgages approved for house purchase in the United Kingdom increased to 65,919 in September 2019 from a revised 65,681 in the previous month and above market expectations of 65,000. Meanwhile, approvals of loans secured on dwellings for remortgaging went up to 49,268 from 48,656 in August and those for other purposes declined to 14,318 from 14,623. Net mortgage lending rose by GBP 3.85 billion in September, slightly beating market consensus of a GBP 3.80 billion gain.
2019-10-29

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.