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.

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United Kingdom Mortgage Lending


Calendar GMT Actual Previous Consensus TEForecast
2021-10-29 08:30 AM Sep £9.5B £4.4B £6B £5.1B
2021-11-29 09:30 AM Oct £1.607B £9.3B £4.75B £4.8B
2022-01-04 09:30 AM Nov


Related Last Previous Unit Reference
Mortgage Approvals 67.20 71.85 Thousand Oct/21
Home Loans 1604.00 9282.00 GBP Million Oct/21
Mortgage Rate 3.61 3.61 percent Oct/21

News Stream
UK Mortgage Lending Below Forecasts
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.
2021-11-29
UK Mortgage Lending Jumps in September
Net mortgage borrowing in the United Kingdom rose to GBP 9.5 billion in September 2021, up from a revised GBP 4.4 billion in August and well above market expectations of GBP 6.0 billion. This was the highest since June 2021 when net borrowing reached a record of GBP 17.1 billion, driven by borrowing ahead of the complete tapering off of lower stamp duty from October. The net borrowing in September was GBP 2.9 billion above the 12 month average to June 2021, when the full stamp duty holiday was in effect. Gross lending increased sharply to GBP 30.7 billion in September, from GBP 20.9 billion in August. Gross repayments also increased to GBP 20.7 billion from GBP 17.7 billion in August.
2021-10-29
UK Mortgage Lending Above Forecasts
Net mortgage borrowing in the United Kingdom rose to GBP 5.3 billion in August 2021, following a rare net repayment of GBP 1.8 billion in July and easily beating market expectations of GBP 3.676 billion. The net borrowing in August was GBP 1.4 billion below the 12 month average to June 2021, when the full stamp duty holiday was in effect. Gross lending bounced back to GBP 21.5 billion in August, from GBP 16.6 billion in July. Gross repayments fell a little to GBP 17.6 billion.
2021-09-29

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