The number of mortgages approved for house purchase in the United Kingdom increased to 67,306 in July 2019 from an upwardly revised 66,506 in the previous month and above market expectations of 66,167. That was the greatest number of mortgages approvals since July 2017. Also, approvals of loans secured on dwellings for remortgaging went up to 47,430 from 47,110 in June while those for other purposes dropped to 13,882 from 14,536. Net mortgage lending rose by GBP 4.611 billion in July, the biggest increase since March 2016 and above market consensus of a GBP 3.70 billion gain. Mortgage Approvals in the United Kingdom averaged 84.27 Thousand from 1986 until 2019, reaching an all time high of 151.80 Thousand in May of 1988 and a record low of 26.35 Thousand in November of 2008.

Mortgage Approvals in the United Kingdom is expected to be 65.40 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 74.50 in 12 months time. In the long-term, the United Kingdom Mortgage Approvals is projected to trend around 80.00 Thousand in 2020, according to our econometric models.

United Kingdom Mortgage Approvals
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-31 08:30 AM Mortgage Approvals Apr 66.26K 62.56K 63.25K 63.4K
2019-07-01 08:30 AM Mortgage Approvals May 65.409K 66.045K 65.6K 66.7K
2019-07-29 08:30 AM Mortgage Approvals Jun 66.44K 65.65K 65.75K 65.9K
2019-08-30 08:30 AM Mortgage Approvals Jul 67.31K 66.51K 66.167K 66.8K
2019-09-30 08:30 AM Mortgage Approvals Aug 67.31K
2019-10-29 09:30 AM Mortgage Approvals Sep 65.4K
2019-11-29 09:30 AM Mortgage Approvals Oct

United Kingdom Housing Last Previous Highest Lowest Unit
Housing Starts 36630.00 40040.00 69520.00 17120.00 units [+]
Construction Output 0.30 -0.20 24.00 -19.20 percent [+]
Housing Index 402.71 401.57 403.84 45.16 Index Points [+]
Mortgage Approvals 67.31 66.51 151.80 26.35 Thousand [+]
Nationwide Housing Prices 431.09 434.21 434.21 98.95 Index Points [+]
Mortgage Applications 43342.00 42775.00 92241.00 17585.00 Units [+]
Construction Orders -4.70 6.60 37.40 -43.90 percent [+]
Construction Pmi 45.00 45.30 64.60 27.80 [+]
Home Loans 4611.00 3787.00 10270.00 -311.00 GBP Million [+]
Home Ownership Rate 65.00 63.40 73.30 63.40 percent [+]

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. 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
67.31 66.51 151.80 26.35 1986 - 2019 Thousand Monthly

Country Last Previous
Spain 29900.00 Jun/19
United Kingdom 67.31 Jul/19