The number of mortgage approvals for house purchase in the UK increased to 87.5 thousand in May 2021, from 86.9 thousand in the previous month and above market expectations of 85.9 thousand. The number of approvals, which is an indicator for future lending, has fallen from a recent peak of 103,200 in November, but remained above pre-February 2020 levels. Approvals for remortgage, which only capture remortgaging with a different lender, rose slightly to 34.8 thousand in May, from 33.4 thousand in April, remaining low compared to the months running up to February 2020. source: Bank of England
Mortgage Approvals in the United Kingdom averaged 83.60 Thousand from 1986 until 2021, reaching an all time high of 151.80 Thousand in May of 1988 and a record low of 9.44 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 July of 2021.
Mortgage Approvals in the United Kingdom is expected to be 85.10 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Mortgage Approvals in the United Kingdom to stand at 74.00 in 12 months time. In the long-term, the United Kingdom Mortgage Approvals is projected to trend around 78.00 Thousand in 2022 and 65.00 Thousand in 2023, according to our econometric models.