Net mortgage approvals for UK house purchases, a key indicator of future borrowing, fell to 54,900 in August 2026, down from a revised 55,900 in July and below market expectations of 56,100. Approvals reached their lowest level since December 2023 and remained well below the previous six-month average of around 60,100, highlighting continued pressure from elevated borrowing costs. Meanwhile, approvals for remortgaging with a different lender declined to 34,000 from 34,600. The effective interest rate on newly drawn mortgages rose to 4.60% in August, from 4.45% in July, while the rate on the outstanding mortgage stock edged up to 4.00% from 3.97%. source: Bank of England

Mortgage Approvals in the United Kingdom decreased to 54.92 Thousand in August from 55.93 Thousand in July of 2026. Mortgage Approvals in the United Kingdom averaged 80.61 Thousand from 1986 until 2026, reaching an all time high of 151.80 Thousand in May of 1988 and a record low of 9.36 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 October of 2026.

Mortgage Approvals in the United Kingdom decreased to 54.92 Thousand in August from 55.93 Thousand in July of 2026. Mortgage Approvals in the United Kingdom is expected to be 57.00 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 67.00 Thousand in 2027 and 69.00 Thousand in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-01 08:30 AM
Mortgage Approvals
Jul 56.05K 58.22K 59.4K 57.9K
2026-09-29 08:30 AM
Mortgage Approvals
Aug 54.92K 55.93K 56.1K 57.0K
2026-10-29 09:30 AM
Mortgage Approvals
Sep 54.92K 57.0K


Related Last Previous Unit Reference
Average House Prices 298441.00 298395.00 GBP Sep 2026
Construction Orders YoY -18.10 -11.90 percent Jun 2026
Construction Output YoY -2.50 -2.30 percent Jul 2026
Mortgage Lending 4410.00 4082.00 GBP Million Aug 2026
Home Ownership Rate 64.50 64.70 percent Dec 2023
Lloyds House Price Index MoM 0.00 -0.30 percent Sep 2026
Lloyds House Price Index YoY 0.00 -0.40 percent Sep 2026
Housing Index 514.60 514.60 points Sep 2026
Housing Starts 35910.00 34030.00 units Jun 2026
Mortgage Approvals 54.92 55.93 Thousand Aug 2026
BBA Mortgage Rate 6.58 6.58 percent Sep 2026
Nationwide Housing Prices 547.10 549.50 points Sep 2026
Nationwide Housing Prices MoM -0.20 0.20 percent Sep 2026
Nationwide Housing Prices YoY 0.80 1.60 percent Sep 2026
Price to Rent Ratio 109.85 110.08 points Jun 2026
Private Rental Prices YoY 3.80 3.70 percent Aug 2026
Residential Property Prices 2.87 1.18 Percent Jun 2026
RICS House Price Balance -32.00 -28.00 percent Sep 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
54.92 55.93 151.80 9.36 1986 - 2026 Thousand Monthly

News Stream
UK Mortgage Approvals Unexpectedly Fall
Net mortgage approvals for UK house purchases, a key indicator of future borrowing, fell to 54,900 in August 2026, down from a revised 55,900 in July and below market expectations of 56,100. Approvals reached their lowest level since December 2023 and remained well below the previous six-month average of around 60,100, highlighting continued pressure from elevated borrowing costs. Meanwhile, approvals for remortgaging with a different lender declined to 34,000 from 34,600. The effective interest rate on newly drawn mortgages rose to 4.60% in August, from 4.45% in July, while the rate on the outstanding mortgage stock edged up to 4.00% from 3.97%.
2026-09-29
UK Mortgage Approvals Fall to Lowest Since 2024
Net mortgage approvals for UK house purchases, a key gauge of future borrowing, fell to 56,100 in July 2026 from a revised 58,200 in June, below market expectations of 59,400. Approvals dropped to their lowest level since January 2024 and remained well below the previous six-month average of around 60,800, pointing to continued pressure from elevated borrowing costs. Meanwhile, approvals for remortgaging with a different lender edged up to 34,500 from 34,100. The effective interest rate on newly drawn mortgages rose to 4.45% in July from 4.35% in June, while the rate on the outstanding mortgage stock increased slightly to 3.97% from 3.96%.
2026-09-01
UK Mortgage Approvals Rise in June Despite Higher Borrowing Costs
Net mortgage approvals for house purchases in the UK, a key indicator of future borrowing, rose to 58,200 in June 2026 from a revised 56,600 in May, exceeding market expectations of 57,100. Despite the increase, approvals remained near two-year lows and below the previous six-month average of around 61,400, reflecting the impact of elevated borrowing costs. Approvals for remortgaging with a different lender also edged higher to 34,200 from 33,800. Meanwhile, the effective interest rate on newly drawn mortgages climbed to 4.35% in June from 4.22% in May, its highest level in more than a year. The average rate on the outstanding stock of mortgages also increased, reaching a record high of 3.96%.
2026-07-29