Net borrowing of mortgage debt by individuals in the UK increased to GBP 7.4 billion in May from an upwardly revised GBP 4.2 billion in April and above market estimates of GBP 4.15 billion. This is the highest since September last year and above the pre-pandemic average of GBP 4.3 billion in the 12 months up to February 2020. Gross lending increased to GBP 28.4 billion in May from GBP 26.7 billion in April, while gross repayments rose slightly to GBP 21.8 billion in May from GBP21.6 billion in April. source: Bank of England
Home Loans in the United Kingdom averaged 3403.03 GBP Million from 1986 until 2022, reaching an all time high of 16880 GBP Million in June of 2021 and a record low of -2234 GBP Million in July of 2021. This page provides - United Kingdom Mortgage Lending- actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Mortgage Lending - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.
Home Loans in the United Kingdom is expected to be 4400.00 GBP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Mortgage Lending is projected to trend around 3600.00 GBP Million in 2023 and 4400.00 GBP Million in 2024, according to our econometric models.