Net mortgage borrowing by UK households was GBP 6.6 billion in May 2021, compared with GBP 3.0 billion in the previous month and well above market expectations of GBP 4.584 billion. This followed variability in the previous couple of months in anticipation of the reduction in stamp duty ending, which has been extended to the end of June. Net borrowing in May was slightly higher than the monthly average for the six months to April 2021 and above the average of GBP 4.2 billion in the year to February 2020. Gross lending was a little higher at GBP 24.2 billion, while gross repayments dropped to GBP 18.9 billion. source: Bank of England

Home Loans in the United Kingdom averaged 3333.74 GBP Million from 1986 until 2021, reaching an all time high of 11363 GBP Million in March of 2021 and a record low of -369 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 2021.

Home Loans in the United Kingdom is expected to be 6500.00 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 4000.00 in 12 months time. 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.

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United Kingdom Mortgage Lending

Actual Previous Highest Lowest Dates Unit Frequency
6581.00 3030.00 11363.00 -369.00 1986 - 2021 GBP Million Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-03-29 08:30 AM Feb £6.2B £5.3B £5B £5.0B
2021-05-04 08:30 AM Mar £11.8B £6.4B £5.8B £5.91B
2021-06-02 08:30 AM Apr £3.3B £11.5B £6.6B £5.1B
2021-06-29 08:30 AM May £6.6B £3.0B £4.584B £3.4B
2021-07-29 08:30 AM Jun £6.6B £7.5B £7B
2021-09-01 08:30 AM Jul
2021-09-29 08:30 AM Aug
2021-10-29 09:30 AM Sep


News Stream
UK Mortgage Lending Above Forecasts
Net mortgage borrowing by UK households was GBP 6.6 billion in May 2021, compared with GBP 3.0 billion in the previous month and well above market expectations of GBP 4.584 billion. This followed variability in the previous couple of months in anticipation of the reduction in stamp duty ending, which has been extended to the end of June. Net borrowing in May was slightly higher than the monthly average for the six months to April 2021 and above the average of GBP 4.2 billion in the year to February 2020. Gross lending was a little higher at GBP 24.2 billion, while gross repayments dropped to GBP 18.9 billion.
2021-06-29
UK Net Mortgage Borrowing Eases from Record
Net mortgage borrowing by UK households fell to GBP 3.3 billion in April of 2021, from a record of GBP 11.5 billion in March, well below market forecasts of GBP 6.6 billion. Despite weaker net lending, both gross lending and repayments remain above levels seen since the start of 2020. The recent variability is likely to reflect the reduction in the stamp duty tax, which was initially expected to end in March, but has now been extended to the end of June.
2021-06-02
UK Net Mortgage Borrowing Strongest on Record
Net mortgage borrowing by UK households was GBP 11.8 billion in March of 2021, the strongest since the series began in April 1993 and well above market expectations of GBP 5.8 billion. The strong borrowing was driven by the expected ending of the temporary stamp duty tax relief at the end of March, which has now been extended to the end of June.
2021-05-04
UK Net Mortgage Borrowing Strongest Since March 2016
Net mortgage borrowing by UK households was GBP 6.2 billion in February 2021, the strongest since March 2016 and well above market expectations of GBP 5.0 billion. This was supported by the expected ending of the temporary stamp duty tax relief at the end of March, which has now been extended to end of June.
2021-03-29

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