Net borrowing of mortgage debt by individuals in the United Kingdom amounted to GBP 1.6 billion in October 2021, down from a revised GBP 9.3 billion in September and below market expectations of GBP 4.75 billion. This was the lowest since July when individuals repaid GBP 2.2 billion of mortgage debt, on net. October’s decrease was driven by borrowing brought forward to September to take advantage of stamp duty land tax relief, before it was completely tapered off. The net borrowing in October was GBP 4.6 billion below the 12-month average to June 2021, when the full stamp duty holiday was in effect. source: Bank of England
Home Loans in the United Kingdom averaged 3368 GBP Million from 1986 until 2021, reaching an all time high of 16804 GBP Million in June of 2021 and a record low of -2172 GBP Million in July of 2021. This page provides - United Kingdom Mortgage Lending- actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Mortgage Lending - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.
Home Loans in the United Kingdom is expected to be 5600.00 GBP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Mortgage Lending is projected to trend around 2900.00 GBP Million in 2022 and 4500.00 GBP Million in 2023, according to our econometric models.