UK individuals repaid GBP 1.4 billion of mortgage debt, on net, in July 2021, missing market expectations of a GBP 3.1 billion net borrowing. Net repayments are relatively rare, with only one other repayment (in April 2020) in the past decade. The net repayment in July followed record borrowing in June (GBP 17.7 billion), which was probably boosted by the initial tapering off of the stamp duty holiday. Gross lending fell to its lowest since June 2020, at GBP 16.5 billion. Gross repayments were a little below the twelve month average, at GBP 18.1 billion. source: Bank of England
Home Loans in the United Kingdom averaged 3356.09 GBP Million from 1986 until 2021, reaching an all time high of 17728 GBP Million in June of 2021 and a record low of -1366 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 September of 2021.
Home Loans in the United Kingdom is expected to be 4900.00 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 2900.00 GBP Million in 2022 and 4500.00 GBP Million in 2023, according to our econometric models.