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.