The number of mortgage approvals for house purchase in the United Kingdom, which is an indicator of future borrowing, dropped further to 67.2 thousand in October 2021, from a revised 71.9 thousand in the previous month and below market expectations of 71.25 thousand. This was the lowest since June 2020, and was close to the 12-month average up to February 2020 of 66.7 thousand. Approvals for remortgaging, which only capture remortgaging with a different lender, rose slightly to 41.6 thousand in October. This remained low compared to the 12-month average up to February 2020 of 49.1 thousand, but was the highest since March 2020 (42.7 thousand). source: Bank of England

Mortgage Approvals in the United Kingdom averaged 83.48 Thousand from 1986 until 2021, reaching an all time high of 151.80 Thousand in May of 1988 and a record low of 9.30 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 December of 2021.

Mortgage Approvals in the United Kingdom is expected to be 70.00 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 78.00 Thousand in 2022 and 65.00 Thousand in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
United Kingdom Mortgage Approvals


Calendar GMT Actual Previous Consensus TEForecast
2021-10-29 08:30 AM Sep 72.6K 74.2K 70.95K 71K
2021-11-29 09:30 AM Oct 67.199K 71.9K 71.25K 70.1K
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 Approvals Fall to 16-Month Low
The number of mortgage approvals for house purchase in the United Kingdom, which is an indicator of future borrowing, dropped further to 67.2 thousand in October 2021, from a revised 71.9 thousand in the previous month and below market expectations of 71.25 thousand. This was the lowest since June 2020, and was close to the 12-month average up to February 2020 of 66.7 thousand. Approvals for remortgaging, which only capture remortgaging with a different lender, rose slightly to 41.6 thousand in October. This remained low compared to the 12-month average up to February 2020 of 49.1 thousand, but was the highest since March 2020 (42.7 thousand).
2021-11-29
UK Mortgage Approvals Fall to 14-Month Low
The number of mortgage approvals for house purchase in the UK decreased to 72.6 thousand in September 2021, from a revised 74.2 thousand in the previous month and slightly above market expectations of 70.95 thousand. This was again the lowest since July 2020, but remained above pre-pandemic levels. Approvals for remortgaging, which only capture remortgaging with a different lender, rose slightly to 41.5 thousand in September, remaining low compared to the months running up to February 2020, but is the highest since March 2020.
2021-10-29
UK Mortgage Approvals Lowest in 13 Months
The number of mortgage approvals for house purchase in the UK decreased to 74.5 thousand in August 2021, from a revised 75.1 thousand in the previous month and slightly above market expectations of 73.0 thousand. This was again the lowest since July 2020, but remained above pre-February 2020 levels. Approvals for remortgaging, which only capture remortgaging with a different lender, rose to 39.7 thousand in August, remaining low compared to the months running up to February 2020, but is the highest since March 2020.
2021-09-29

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.