The number of mortgage approvals for house purchase in the UK decreased to 82.74 thousand in March of 2021, from a downwardly revised 87.39 thousand in the previous month and below market expectations of 92.3 thousand. The number of approvals, which is an indicator for future lending, was also down from a recent peak of 103.1 thousand in November 2020, but remained relatively strong compared to February 2020 (73 thousand). Approvals for a remortgage, which capture remortgaging with a different lender, were broadly unchanged at 34.8 thousand, while those for other purposes increased to 14.5 thousand from 13.3 thousand in February. source: Bank of England
Mortgage Approvals in the United Kingdom averaged 83.57 Thousand from 1986 until 2021, reaching an all time high of 151.80 Thousand in May of 1988 and a record low of 9.49 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 May of 2021.
Mortgage Approvals in the United Kingdom is expected to be 76.00 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 74.00 in 12 months time. In the long-term, the United Kingdom Mortgage Approvals is projected to trend around 78.00 Thousand in 2022, according to our econometric models.