The number of mortgage approvals for house purchase in the UK decreased to 99.0 thousand in January 2021, slightly down from a revised 102.8 thousand in the previous month but above market expectations of 96 thousand. The number of approvals, which is an indicator for future lending, was also well above the monthly average in the six months to February 2020 (67.9 thousand). Approvals for a remortgage, which capture remortgaging with a different lender, fell slightly to 32.4 thousand in January from 33.7 thousand, while those for other purposes declined to 13.2 thousand from 13.8 thousand. source: Bank of England

Mortgage Approvals in the United Kingdom averaged 83.59 Thousand from 1986 until 2021, reaching an all time high of 151.80 Thousand in May of 1988 and a record low of 9.35 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 March of 2021.

Mortgage Approvals in the United Kingdom is expected to be 95.00 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 66.00 in 12 months time. In the long-term, the United Kingdom Mortgage Approvals is projected to trend around 78.00 Thousand in 2022, according to our econometric models.

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United Kingdom Mortgage Approvals

Actual Previous Highest Lowest Dates Unit Frequency
98.99 102.81 151.80 9.35 1986 - 2021 Thousand Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-11-30 09:30 AM Oct 97.5K 92.1K 84.486K 84.5K
2021-01-04 09:30 AM Nov 105K 98.3K 82.5K 80.1K
2021-02-01 09:30 AM Dec 103K 105K 105K 105K
2021-03-01 09:30 AM Jan 99K 102.8K 96K 97.5K
2021-03-29 08:30 AM Feb 99K 91.9K
2021-05-04 08:30 AM Mar
2021-06-02 08:30 AM Apr
2021-06-29 08:30 AM May


News Stream
UK Mortgage Approvals Fall Less than Forecast
The number of mortgage approvals for house purchase in the UK decreased to 99.0 thousand in January 2021, slightly down from a revised 102.8 thousand in the previous month but above market expectations of 96 thousand. The number of approvals, which is an indicator for future lending, was also well above the monthly average in the six months to February 2020 (67.9 thousand). Approvals for a remortgage, which capture remortgaging with a different lender, fell slightly to 32.4 thousand in January from 33.7 thousand, while those for other purposes declined to 13.2 thousand from 13.8 thousand.
2021-03-01
UK Mortgage Approvals Miss Forecasts
The number of mortgage approvals for house purchases in the UK decreased to 103 thousand in December of 2020 from 105 thousand in November and below market expectations of 105 thousand. Still, approvals remained well above February’s pre-Covid level of 73.4 thousand. Recent strength in approvals has more than offset the significant weakness earlier in the year. House purchase approvals – having troughed at a record low of 9,400 in May – totaled 818,500 in 2020, the largest number in one year since 2007. Approvals for remortgage, which only capture remortgaging with a different lender, fell slightly in December to 33,800, around 35% lower than in February (52,400). Remortgage approvals in 2020 (451,400) were lower than in 2019 (587,600).
2021-02-01
UK Mortgage Approvals Climb to Over 13-Year High
The number of mortgage approvals for house purchases in the UK increased to 105 thousand in November 2020, the highest level since August 2007 and well above market expectations of 82.5 thousand. The recent strength in approvals has almost fully offset the significant weakness earlier in the year. Approvals for a remortgage, which capture remortgaging with a different lender, rose slightly to 35.1 thousand, but remained around 33 lower lower than in February 2020. Approvals for other purposes declined to 12.3 thousand in November from 12.4 thousand in October. In the January to November period, there were 715.3 thousand house purchase approvals, close to the number during the same period in 2019 (722 thousand).
2021-01-04
UK Mortgage Approvals Jump to Over 13-Year High
The number of mortgage approvals for house purchases in the UK increased to 97.5 thousand in October 2020, the highest level since September 2007 and well above market expectations of 84.5 thousand. The approvals were 33% above the February 2020 level and around 10 times higher than the trough of 9.4 thousand in May. Approvals for a remortgage, which capture remortgaging with a different lender, were broadly unchanged at 32.9 thousand, remaining 40 percent lower than in February. Approvals for other purposes rose to 12.4 thousand in October from 12.0 thousand in September.
2020-11-30

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.