Net mortgage approvals for house purchases in the UK, which is an indicator of future borrowing, increased to 62,600 in February 2026 from 60,200 in January, above market expectations of 61,300. Approvals for remortgaging, which only capture remortgaging with a different lender, also increased to 41,200 in February, from 38,500 in January. The ‘effective’ interest rate on newly drawn mortgages slightly increased, to 4.10% in February, from 4.09% in January. The rate on the outstanding stock of mortgages was 3.95% in February, up from 3.90% in January. source: Bank of England

Mortgage Approvals in the United Kingdom increased to 62.58 Thousand in February from 60.25 Thousand in January of 2026. Mortgage Approvals in the United Kingdom averaged 80.88 Thousand from 1986 until 2026, reaching an all time high of 151.80 Thousand in May of 1988 and a record low of 9.37 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 April of 2026.

Mortgage Approvals in the United Kingdom increased to 62.58 Thousand in February from 60.25 Thousand in January of 2026. Mortgage Approvals in the United Kingdom is expected to be 61.50 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
2026-03-02 09:30 AM
Mortgage Approvals
Jan 60K 61.01K 62K 62.5K
2026-03-30 08:30 AM
Mortgage Approvals
Feb 62.58K 60.25K 61.3K 59.5K
2026-05-01 08:30 AM
Mortgage Approvals
Mar 62.58K 60.1K 61.5K


Related Last Previous Unit Reference
Average House Prices 299677.00 301051.00 GBP Mar 2026
Construction Orders YoY 28.60 30.50 percent Dec 2025
Construction Output YoY -1.00 -1.90 percent Feb 2026
Mortgage Lending 4840.00 4211.00 GBP Million Feb 2026
Home Ownership Rate 64.50 64.70 percent Dec 2023
Halifax House Price Index MoM -0.50 0.30 percent Mar 2026
Halifax House Price Index YoY 0.80 1.20 percent Mar 2026
Housing Index 516.80 519.10 points Mar 2026
Housing Starts 37300.00 30320.00 units Dec 2025
Mortgage Approvals 62.58 60.25 Thousand Feb 2026
BBA Mortgage Rate 6.60 6.59 percent Mar 2026
Nationwide Housing Prices 553.00 545.00 points Mar 2026
Nationwide Housing Prices MoM 0.90 0.30 percent Mar 2026
Nationwide Housing Prices YoY 2.20 1.00 percent Mar 2026
Price to Rent Ratio 110.71 111.09 Dec 2025
Private Rental Prices YoY 3.40 3.60 percent Mar 2026
Residential Property Prices 2.47 2.67 Percent Dec 2025
RICS House Price Balance -23.00 -14.00 percent Mar 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
62.58 60.25 151.80 9.37 1986 - 2026 Thousand Monthly

News Stream
UK Mortgage Approvals Rise More than Expected
Net mortgage approvals for house purchases in the UK, which is an indicator of future borrowing, increased to 62,600 in February 2026 from 60,200 in January, above market expectations of 61,300. Approvals for remortgaging, which only capture remortgaging with a different lender, also increased to 41,200 in February, from 38,500 in January. The ‘effective’ interest rate on newly drawn mortgages slightly increased, to 4.10% in February, from 4.09% in January. The rate on the outstanding stock of mortgages was 3.95% in February, up from 3.90% in January.
2026-03-30
UK Mortgage Approvals Fall to Two-Year Low
Net mortgage approvals for house purchases in the UK fell to 59,999 in January 2026, down from 61,007 in December and below market expectations of 62,000, marking the lowest level since January 2024. The decline highlights the broader cooling in the UK housing market, which was weighed down last year by the expiry of a temporary tax break on certain home purchases and subdued buyer demand ahead of the November annual budget. Remortgage approvals, covering refinancing with a different lender, also fell to 38,100 in January from 38,400 in December. The effective interest rate on newly drawn mortgages edged down to 4.09% from 4.15%, while the rate on the outstanding stock of mortgages slipped slightly to 3.90% from 3.92%.
2026-03-02
UK Mortgage Approvals Slide to Lowest Since 2024
Net mortgage approvals for house purchases in the UK fell to 61,013 in December 2025, down from a downwardly revised 64,072 in the previous month and well below market expectations of 64,800. This marked the lowest level since June 2024, underscoring the broader cooling in the UK housing market through 2025. Activity weakened after the expiry of a temporary tax break on certain home purchases, while buyer demand was further restrained in the run-up to Finance Minister Rachel Reeves’ annual Budget in November, as households delayed decisions amid concerns that higher-value properties could face increased taxation. Meanwhile, approvals for remortgaging, which only include refinancing with a different lender, rose by 1,600 to 38,400 in December. The effective interest rate on newly drawn mortgages edged lower to 4.15% in December, from 4.20% in November. Meanwhile, the rate on the outstanding stock of mortgages increased slightly to 3.92%, up from 3.90% the month before.
2026-01-30