Net mortgage borrowing by UK households was GBP 1.2 billion in May 2020, slightly higher than the GBP 0.0 billion in April but weak compared to an average of GBP 4.1 billion in the six months to February 2020. The increase on the month reflected more new borrowing by households, rather than lower repayments.

Home Loans in the United Kingdom averaged 3272.45 GBP Million from 1986 until 2020, reaching an all time high of 10373 GBP Million in October of 2006 and a record low of -294 GBP Million in December of 2010. 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 July of 2020. source: Bank of England

Home Loans in the United Kingdom is expected to be -2000.00 GBP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Home Loans in the United Kingdom to stand at 2200.00 in 12 months time. In the long-term, the United Kingdom Mortgage Lending is projected to trend around 3600.00 GBP Million in 2021 and 4500.00 GBP Million in 2022, according to our econometric models.

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United Kingdom Mortgage Lending

Actual Previous Highest Lowest Dates Unit Frequency
1224.00 13.00 10373.00 -294.00 1986 - 2020 GBP Million Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-30 08:30 AM Feb £4B £4.01B £3.95B £3.8B
2020-05-01 08:30 AM Mar £4.80B £4.3B £3.5B £3.2B
2020-06-02 08:30 AM Apr £0.3B £4.80B £1.149B £1.0B
2020-06-29 08:30 AM May £1.22B £0.0B £-1B £-2B
2020-07-29 08:30 AM Jun £1.22B £-2B
2020-09-01 08:30 AM Jul
2020-09-29 08:30 AM Aug
2020-10-29 09:30 AM Sep £4.2B


News Stream
UK Net Mortgage Lending Unexpectedly Rises
Net mortgage borrowing by UK households was GBP 1.2 billion in May 2020, slightly higher than the GBP 0.0 billion in April but weak compared to an average of GBP 4.1 billion in the six months to February 2020. The increase on the month reflected more new borrowing by households, rather than lower repayments.
2020-06-29
UK Net Mortgage Lending at Over 8-Year Low
Net mortgage borrowing by UK households was GBP 0.3 billion in April 2020, the lowest net increase since December 2011 and below market expectations of GBP 1.1 billion. The annual growth rate also eased to 3.3 percent from 3.6 percent in March. Mortgage borrowing tends to lag approvals, however, so this strength is likely to reflect strength in approvals in previous months.
2020-06-02
UK Mortgage Lending Beats Expectations
Net mortgage borrowing by UK households, which lags approvals, was GBP 4.8 billion in March 2020, the highest since July last year, compared to an upwardly revised GBP 4.3 billion in the previous month and above market expectations of GBP 3.5 billion. The annual growth rate also rose to 3.6 percent. Mortgage borrowing tends to lag approvals, however, so this strength is likely to reflect strength in approvals in previous months.
2020-05-01
UK Mortgage Lending Slightly Above Forecasts
Net mortgage borrowing by UK households, which lags approvals, was GBP 4.0 billion in February 2020, close to the GBP 4.1 billion average seen over the past six months. The annual growth rate for mortgage borrowing picked up to 3.5 percent, compared to 3.4 percent in January.
2020-03-30

United Kingdom Mortgage Lending
In the UK, mortgage lending refers to monthly changes of total sterling net secured lending to individuals and housing associations.