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.