The number of mortgages approved for house purchase in the United Kingdom dropped to 65,545 in August 2019 from an 18-month high of 67,011 in the previous month and below market expectations of 66,400. Meanwhile, approvals of loans secured on dwellings for remortgaging went up to 48,515 from 47,620 in July and those for other purposes increased to 14,635 from 13,965. Net mortgage lending rose by GBP 3.85 billion in August, missing market consensus of a GBP 4.20 billion gain. Mortgage Approvals in the United Kingdom averaged 84.22 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
2019-07-01 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 67.31K 66.51K 66.167K 66.8K
2019-09-30 08:30 AM Mortgage Approvals Aug 65.55K 67.01K 66.4K 66.7K
2019-10-29 09:30 AM Mortgage Approvals Sep 65.55K 64.8K
2019-11-29 09:30 AM Mortgage Approvals Oct

United Kingdom Housing Last Previous Highest Lowest Unit
Housing Starts 37220.00 36630.00 69520.00 17120.00 units [+]
Construction Output 2.40 1.90 24.00 -19.20 percent [+]
Housing Index 401.10 402.50 403.80 45.16 Index Points [+]
Mortgage Approvals 65.55 67.01 151.80 26.35 Thousand [+]
Mortgage Applications 42576.00 43303.00 92239.00 17587.00 Units [+]
Nationwide Housing Prices 429.60 431.09 434.21 98.95 Index Points [+]
Construction Pmi 43.30 45.00 64.60 27.80 [+]
Construction Orders -4.70 6.60 37.40 -43.90 percent [+]
Home Loans 3854.00 4521.00 10268.00 -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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
65.55 67.01 151.80 26.35 1986 - 2019 Thousand Monthly

Country Last Previous
Spain 33344.00 Jul/19
United Kingdom 65.55 Aug/19