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.