The number of mortgages approved for house purchases in the United Kingdom jumped to 91.5 thousand in September 2020, easily beating forecasts of 76.1 thousand, as the housing market continued to show signs of recovery. This was the highest number of approvals since September 2007, and was 24 percent higher than approvals in February 2020. Approvals for remortgage, which capture remortgaging with a different lender, were slightly down at 32.7 thousand, remaining 38 percent lower than in February. Approvals for other purposes rose to 11.9 thousand in September from 11.3 thousand in August. source: Bank of England

Mortgage Approvals in the United Kingdom averaged 83.42 Thousand from 1986 until 2020, reaching an all time high of 151.80 Thousand in May of 1988 and a record low of 9.34 Thousand in May of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

Mortgage Approvals in the United Kingdom is expected to be 48.00 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 62.00 in 12 months time. In the long-term, the United Kingdom Mortgage Approvals is projected to trend around 66.00 Thousand in 2021 and 78.00 Thousand in 2022, according to our econometric models.

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United Kingdom Mortgage Approvals

Actual Previous Highest Lowest Dates Unit Frequency
91.45 85.53 151.80 9.34 1986 - 2020 Thousand Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-07-29 08:30 AM Jun 40K 9.27K 33.9K 33.4K
2020-09-01 08:30 AM Jul 66.3K 39.9K 54.839K 51K
2020-09-29 08:30 AM Aug 84.7K 66.3K 71K 69K
2020-10-29 09:30 AM Sep 91.5K 85.5K 76.112K 76K
2020-11-30 09:30 AM Oct 91.5K


News Stream
UK Mortgage Approvals Hit 13-Year High in September
The number of mortgages approved for house purchases in the United Kingdom jumped to 91.5 thousand in September 2020, easily beating forecasts of 76.1 thousand, as the housing market continued to show signs of recovery. This was the highest number of approvals since September 2007, and was 24 percent higher than approvals in February 2020. Approvals for remortgage, which capture remortgaging with a different lender, were slightly down at 32.7 thousand, remaining 38 percent lower than in February. Approvals for other purposes rose to 11.9 thousand in September from 11.3 thousand in August.
2020-10-29
UK Mortgage Approvals Hit 13-Year High
The number of mortgages approved for house purchase in the United Kingdom jumped to 84.7 thousand in August 2020, easily beating forecasts of 71.0 thousand, as the mortgage market continued to show more signs of recovery. This was the highest number of approvals since October 2007 but it only partially offset weakness seen between March and June. From January to August, a total of 418 thousand mortgages for house purchase have been approved, compared with 524 thousand in the same period in 2019. Approvals for remortgage, which capture remortgaging with a different lender, were little-changed at 33.4 thousand, remaining 36 percent lower than in February. Approvals for other purposes rose to 11.3 thousand in August from 10.2 thousand in July.
2020-09-29
UK Mortgage Approvals Rise More than Expected
The number of mortgages approved for house purchase in the United Kingdom jumped to 66.3 thousand in July 2020, recovering further from May's all-time low of 9.3 thousand and easily beating market expectations of 54.8 thousand. Still, approvals remained below February’s pre-Covid level of 73.7 thousand. Approvals for remortgage, which capture remortgaging with a different lender, fell slightly to 36.1 thousand from 36.9 thousand, remaining 30 percent lower than in February. Approvals for other purposes rose to 9.8 thousand in July from 8.6 thousand in June.
2020-09-01
UK Mortgage Approvals Rise from Record Low
The number of mortgages approved for house purchase in the United Kingdom jumped to 40.0 thousand in June 2020, recovering from an all-time low of 9.3 thousand in the previous month and easily beating market expectations of 33.9 thousand. It was still 46 percent below February’s pre-Covid level of 73.7 thousand. Approvals for remortgage, which capture remortgaging with a different lender, have also increased, to 36.9 thousand from 30.7 thousand; but they remained 30 percent lower than in February. Approvals for other purposes climbed to 8.5 thousand in June from 5.9 thousand in May.
2020-07-29

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.