The number of mortgages approved for house purchase in the United Kingdom fell to 64,337 in February 2019 from a downwardly revised 66,696 in the previous month and below market expectations of 65,000. Also, approvals of loans secured on dwellings for remortgaging decreased to 47,673 from 50,132 in January and those for other purposes also declined to 13,956 from 15,042. Mortgage lending rose by GBP 3.457 billion in February, below market consensus of a GBP 3.7 billion gain. Mortgage Approvals in the United Kingdom averaged 84.49 Thousand from 1986 until 2019, reaching an all time high of 151.80 Thousand in May of 1988 and a record low of 26.38 Thousand in November of 2008.

Mortgage Approvals in the United Kingdom is expected to be 66.50 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 79.10 in 12 months time. In the long-term, the United Kingdom Mortgage Approvals is projected to trend around 97.60 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
2019-01-04 09:30 AM Mortgage Approvals 63.73K 66.71K 66.5K 66.7K
2019-01-30 09:30 AM Mortgage Approvals 63.79K 63.95K 63K 64.2K
2019-03-01 09:30 AM Mortgage Approvals 66.77K 64.47K 63.4K 64.9K
2019-03-29 09:30 AM Mortgage Approvals 64.34K 66.7K 65K 66.4K
2019-05-01 08:30 AM Mortgage Approvals 64.34K 66.5K
2019-06-01 08:30 AM Mortgage Approvals
2019-07-01 08:30 AM Mortgage Approvals

United Kingdom Housing Last Previous Highest Lowest Unit
Housing Starts 35660.00 46930.00 69520.00 16420.00 units [+]
Construction Output 3.30 2.20 24.00 -19.20 percent [+]
Housing Index 754.70 766.90 766.90 96.10 Index Points [+]
Mortgage Approvals 64.34 66.70 151.80 26.38 Thousand [+]
Mortgage Applications 39083.00 39910.00 93589.00 17249.00 Units [+]
Construction Pmi 49.70 49.50 64.60 27.80 [+]
Construction Orders -10.50 -31.40 37.40 -43.90 percent [+]
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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
64.34 66.70 151.80 26.38 1986 - 2019 Thousand Monthly

Country Last Previous
Spain 36832.00 Jan/19
United Kingdom 64.34 Feb/19