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.

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.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
United Kingdom Mortgage Approvals

Actual Previous Highest Lowest Dates Unit Frequency
87.55 86.90 151.80 9.44 1986 - 2021 Thousand Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-03-29 08:30 AM Feb 87.7K 97.35K 95K 94.9K
2021-05-04 08:30 AM Mar 82.7K 87.4K 92.3K 90K
2021-06-02 08:30 AM Apr 86.9K 83.4K 84.975K 78K
2021-06-29 08:30 AM May 87.5K 86.9K 85.9K 82K
2021-07-29 08:30 AM Jun 87.5K 86.1K 85.1K
2021-09-01 08:30 AM Jul
2021-09-29 08:30 AM Aug
2021-10-29 09:30 AM Sep
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
UK Mortgage Approvals Unexpectedly Rise in May
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.
2021-06-29
UK Mortgage Approvals Top Forecasts
The number of mortgage approvals for house purchase in the UK went up to 86.92 thousand in April of 2021, from an upwardly revised 83.4 thousand in the previous month and above market expectations of 84.97 thousand. They have fallen from a recent peak of 103,400 in November, but have remained relatively strong. Approvals for remortgage (which only capture remortgaging with a different lender) remained broadly unchanged at 33,100.
2021-06-02
UK Mortgage Approvals Unexpectedly Fall
The number of mortgage approvals for house purchase in the UK decreased to 82.74 thousand in March of 2021, from a downwardly revised 87.39 thousand in the previous month and below market expectations of 92.3 thousand. The number of approvals, which is an indicator for future lending, was also down from a recent peak of 103.1 thousand in November 2020, but remained relatively strong compared to February 2020 (73 thousand). Approvals for a remortgage, which capture remortgaging with a different lender, were broadly unchanged at 34.8 thousand, while those for other purposes increased to 14.5 thousand from 13.3 thousand in February.
2021-05-04
UK Mortgage Approvals Fall More than Forecast
The number of mortgage approvals for house purchase in the UK decreased to 87.67 thousand in February 2021, from a revised 97.35 thousand in the previous month and below market expectations of 95.0 thousand. The number of approvals, which is an indicator for future lending, was also down from a peak of 103.7 thousand in November 2020, but remained well above the monthly average in the six months to February 2020 (67.3 thousand). Approvals for a remortgage, which capture remortgaging with a different lender, rose slightly to 34.3 thousand in February from 32.6 thousand, while those for other purposes declined to 13.1 thousand from 13.2 thousand.
2021-03-29

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.