British banks approved 46,815 mortgages for new house purchase in December 2019, the most since August 2015, compared to a revised 44,058 in November, data from trade association UK Finance showed. Also, net mortgage lending picked up to GBP 3.773 billion, the highest since March 2016, from GBP 3.073 billion; while net credit card lending rebounded to GBP 0.086 billion from GBP -0.147 billion.

Mortgage Applications in the United Kingdom averaged 50637.28 Units from 1997 until 2019, reaching an all time high of 92221 Units in March of 2002 and a record low of 17599 Units in November of 2008. This page provides - United Kingdom Mortgage Applications- actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom UK Finance Mortgage Approvals - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: UK Finance

Mortgage Applications in the United Kingdom is expected to be 45200.00 Units by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Mortgage Applications in the United Kingdom to stand at 52600.00 in 12 months time. In the long-term, the United Kingdom UK Finance Mortgage Approvals is projected to trend around 54400.00 Units in 2021, according to our econometric models.

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United Kingdom UK Finance Mortgage Approvals

Actual Previous Highest Lowest Dates Unit Frequency
46815.00 44058.00 92221.00 17599.00 1997 - 2019 Units Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2019-10-24 08:30 AM Sep 42.31K 42.527K 42.1K
2019-11-26 09:30 AM Oct 41.219K 42.216K 43.1K 43K
2019-12-30 09:30 AM Nov 43.7K 41.3K 41.9K
2020-01-27 09:30 AM Dec 46.815K 44.058K 42.5K


News Stream
UK Mortgage Approvals Jump to Over 4-Year High
British banks approved 46,815 mortgages for new house purchase in December 2019, the most since August 2015, compared to a revised 44,058 in November, data from trade association UK Finance showed. Also, net mortgage lending picked up to GBP 3.773 billion, the highest since March 2016, from GBP 3.073 billion; while net credit card lending rebounded to GBP 0.086 billion from GBP -0.147 billion.
2020-01-27
UK Mortgage Approvals Hit 3-Year High
British banks approved 43,715 mortgages for new house purchase in November 2019, the most since January 2017 and compared to a revised 41,312 in October, data from trade association UK Finance showed. Still, consumer credit rose by 4.0 percent year-on-year, the smallest increase since April, as credit card lending growth was the weakest in five years.
2019-12-30
UK Banks Approve Fewest Mortgages in 7 Months
British banks approved 41,219 mortgages for new house purchase in October 2019, the fewest since March and below market expectations of 43,100, data from trade association UK Finance showed. Approvals of loans secured on dwellings for remortgaging decreased to 31,119 from 32,458 in September, and those for other purposes declined to 8,402 from 8,968. Still, net mortgage lending picked up to GBP 3.452 billion in October from GBP 2.457 billion, while net credit card lending dropped to GBP 0.056 billion from GBP 0.078 billion.
2019-11-26
UK Mortgage Approvals at 6-Month Low: UK Finance
British banks approved 42,310 mortgages for new house purchase in September 2019, the least in six months, data from trade association UK Finance showed. Approvals of loans secured on dwellings for remortgaging increased to 32,649 from 32,225 in August, its highest level since November 2017; while those for other purposes declined to 9,079 from 9,124. Net mortgage lending slowed to GBP 2.333 billion in September from GBP 3.405 billion, and net credit card lending rose to GBP 0.081 billion from GBP 0.059 billion. The annual growth of credit card lending by major banks eased to 3.0 percent, the slowest rate since November 2014.
2019-10-24

United Kingdom UK Finance Mortgage Approvals
UK Finance Mortagge Approvals for the United Kingdom show the number of approvals given for house purchase, excluding remortgaging and those for other purposes. Data include customers' activity of Barclays, HSBC Bank, Lloyds Banking Group, Royal Bank of Scotland Group, Santander UK, TSB and Virgin Money, which collectively account for around two-thirds of domestic retail banking assets.