Net mortgage approvals for house purchases in the UK rose to 63,531 in March 2026, up from a revised 62,708 in February and surpassing market expectations of 60,000. This marked the highest level since November 2025, exceeding the six-month average of around 63,200, supported by declining borrowing costs. Remortgaging approvals, which only account for switches to a different lender, also climbed to 51,300 in March from 41,200 in February. The effective interest rate on newly drawn mortgages fell to 4.03% in March from 4.10% in February, while the rate on the outstanding stock of mortgages edged down to 3.93% from 3.95%. source: Bank of England

Mortgage Approvals in the United Kingdom increased to 63.53 Thousand in March from 62.71 Thousand in February of 2026. Mortgage Approvals in the United Kingdom averaged 80.85 Thousand from 1986 until 2026, reaching an all time high of 151.80 Thousand in May of 1988 and a record low of 9.37 Thousand in May of 2020. This page provides the latest reported value for - United Kingdom Mortgage Approvals - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Mortgage Approvals - data, historical chart, forecasts and calendar of releases - was last updated on May of 2026.

Mortgage Approvals in the United Kingdom increased to 63.53 Thousand in March from 62.71 Thousand in February of 2026. Mortgage Approvals in the United Kingdom is expected to be 64.40 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Mortgage Approvals is projected to trend around 67.00 Thousand in 2027 and 69.00 Thousand in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-30 08:30 AM
Mortgage Approvals
Feb 62.58K 60.25K 61.3K 59.5K
2026-05-01 08:30 AM
Mortgage Approvals
Mar 63.53K 62.71K 60K 61.5K
2026-06-02 08:30 AM
Mortgage Approvals
Apr 63.53K


Related Last Previous Unit Reference
Average House Prices 299313.00 299609.00 GBP Apr 2026
Construction Orders YoY -11.90 28.10 percent Mar 2026
Construction Output YoY -0.30 -1.60 percent Mar 2026
Mortgage Lending 6152.00 5223.00 GBP Million Mar 2026
Home Ownership Rate 64.50 64.70 percent Dec 2023
Halifax House Price Index MoM -0.10 -0.50 percent Apr 2026
Halifax House Price Index YoY 0.40 0.80 percent Apr 2026
Housing Index 516.10 516.60 points Apr 2026
Housing Starts 37300.00 30320.00 units Dec 2025
Mortgage Approvals 63.53 62.71 Thousand Mar 2026
BBA Mortgage Rate 6.60 6.60 percent Apr 2026
Nationwide Housing Prices 554.80 553.00 points Apr 2026
Nationwide Housing Prices MoM 0.40 0.90 percent Apr 2026
Nationwide Housing Prices YoY 3.00 2.20 percent Apr 2026
Price to Rent Ratio 110.71 111.09 Dec 2025
Private Rental Prices YoY 3.40 3.60 percent Mar 2026
Residential Property Prices 2.47 2.67 Percent Dec 2025
RICS House Price Balance -34.00 -25.00 percent Apr 2026


United Kingdom Mortgage Approvals
Mortgage approvals for house purchase refers to the firm offers of lenders to advance credit secured on specific dwellings to their customers. It covers approvals that are fully secured on residential property by a first mortgage. It includes existing borrowers transferring their existing mortgage to another property, lending to first-time purchasers and lending for buy-to-let purposes.
Actual Previous Highest Lowest Dates Unit Frequency
63.53 62.71 151.80 9.37 1986 - 2026 Thousand Monthly

News Stream
UK Mortgage Approvals Rise More than Expected
Net mortgage approvals for house purchases in the UK rose to 63,531 in March 2026, up from a revised 62,708 in February and surpassing market expectations of 60,000. This marked the highest level since November 2025, exceeding the six-month average of around 63,200, supported by declining borrowing costs. Remortgaging approvals, which only account for switches to a different lender, also climbed to 51,300 in March from 41,200 in February. The effective interest rate on newly drawn mortgages fell to 4.03% in March from 4.10% in February, while the rate on the outstanding stock of mortgages edged down to 3.93% from 3.95%.
2026-05-01
UK Mortgage Approvals Rise More than Expected
Net mortgage approvals for house purchases in the UK, which is an indicator of future borrowing, increased to 62,600 in February 2026 from 60,200 in January, above market expectations of 61,300. Approvals for remortgaging, which only capture remortgaging with a different lender, also increased to 41,200 in February, from 38,500 in January. The ‘effective’ interest rate on newly drawn mortgages slightly increased, to 4.10% in February, from 4.09% in January. The rate on the outstanding stock of mortgages was 3.95% in February, up from 3.90% in January.
2026-03-30
UK Mortgage Approvals Fall to Two-Year Low
Net mortgage approvals for house purchases in the UK fell to 59,999 in January 2026, down from 61,007 in December and below market expectations of 62,000, marking the lowest level since January 2024. The decline highlights the broader cooling in the UK housing market, which was weighed down last year by the expiry of a temporary tax break on certain home purchases and subdued buyer demand ahead of the November annual budget. Remortgage approvals, covering refinancing with a different lender, also fell to 38,100 in January from 38,400 in December. The effective interest rate on newly drawn mortgages edged down to 4.09% from 4.15%, while the rate on the outstanding stock of mortgages slipped slightly to 3.90% from 3.92%.
2026-03-02