The number of mortgages approved for house purchase in the United Kingdom decreased to 63,728 in November 2018, the lowest number since April, down from an upwardly revised 66,709 in the prior month. Markets had expected a softer drop to 66,500. Meantime, approvals of loans secured on dwellings for remortgaging went down to 48,589 in November from a downwardly revised 49,202 in October while those for other purposes rose slightly to 14,355 from an upwardly revised 14,119. Mortgage lending increased by GBP 3.45 billion in November, missing market consensus of a GBP 3.96 billion gain. Mortgage Approvals in the United Kingdom averaged 84.64 Thousand from 1986 until 2018, reaching an all time high of 151.80 Thousand in May of 1988 and a record low of 26.30 Thousand in November of 2008.

Mortgage Approvals in the United Kingdom is expected to be 70.10 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 85.40 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
2018-10-01 08:30 AM Mortgage Approvals 66.44K 65.16K 64.5K 64.4K
2018-10-29 09:30 AM Mortgage Approvals 65.269K 66.101K 64.75K 65.1K
2018-11-29 09:30 AM Mortgage Approvals 67.09K 65.73K 64.55K 65.6K
2019-01-04 09:30 AM Mortgage Approvals 63.73K 66.71K 66.5K 66.7K
2019-01-30 09:30 AM Mortgage Approvals 63.73K 66.2K
2019-03-01 09:30 AM Mortgage Approvals
2019-03-29 08:30 AM Mortgage Approvals

United Kingdom Housing Last Previous Highest Lowest Unit
Housing Starts 46930.00 41190.00 69520.00 16420.00 units [+]
Construction Output 3.00 4.10 24.00 -19.20 percent [+]
Housing Index 743.50 727.80 743.70 96.10 Index Points [+]
Mortgage Approvals 63.73 66.71 151.80 26.30 Thousand [+]
Mortgage Applications 39403.00 39640.00 93541.00 17159.00 Units [+]
Construction Pmi 52.80 53.40 64.60 27.80 [+]
Construction Orders -30.70 -7.70 37.40 -43.90 percent [+]
Home Ownership Rate 63.40 63.50 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
63.73 66.71 151.80 26.30 1986 - 2018 Thousand Monthly

Country Last Previous
Spain 30356.00 Oct/18
United Kingdom 63.73 Nov/18