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.

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United Kingdom Mortgage Lending

Actual Previous Highest Lowest Dates Unit Frequency
-1366.00 17728.00 17728.00 -1366.00 1986 - 2021 GBP Million Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-06-02 08:30 AM Apr £3.3B £11.5B £6.6B £5.1B
2021-06-29 08:30 AM May £6.6B £3.0B £4.584B £3.4B
2021-07-29 08:30 AM Jun £17.9B £6.8B £7.9B £7B
2021-08-31 08:30 AM Jul £-1.4B £17.7B £3.1B £3B
2021-09-29 08:30 AM Aug £-1.4B £3.676B £2.5B
2021-10-29 09:30 AM Sep
2021-11-30 09:30 AM Oct


News Stream
UK Mortgage Lending Unexpectedly Falls
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.
2021-08-31
UK Net Mortgage Borrowing Hits Record High
Net mortgage borrowing in the United Kingdom hit an all-time high of GBP 17.9 billion in June 2021, easily beating market expectations of GBP 7.9 billion, driven by borrowing ahead of the tapering off of the lower stamp duty rates from July. The previous record, in March 2021, was GBP 11.5 billion, and borrowing has averaged GBP 5.4 billion in the 12 months to May 2021. Data also suggested there had been a shortening of time between a mortgage being approved and the lending itself; there was no large rise in the number of mortgage approvals in recent months, unlike ahead of the strong net borrowing in March. Gross lending increased to GBP 43.8 billion, with gross repayments also increasing to GBP 27.7 billion.
2021-07-29
UK Mortgage Lending Above Forecasts
Net mortgage borrowing by UK households was GBP 6.6 billion in May 2021, compared with GBP 3.0 billion in the previous month and well above market expectations of GBP 4.584 billion. This followed variability in the previous couple of months in anticipation of the reduction in stamp duty ending, which has been extended to the end of June. Net borrowing in May was slightly higher than the monthly average for the six months to April 2021 and above the average of GBP 4.2 billion in the year to February 2020. Gross lending was a little higher at GBP 24.2 billion, while gross repayments dropped to GBP 18.9 billion.
2021-06-29
UK Net Mortgage Borrowing Eases from Record
Net mortgage borrowing by UK households fell to GBP 3.3 billion in April of 2021, from a record of GBP 11.5 billion in March, well below market forecasts of GBP 6.6 billion. Despite weaker net lending, both gross lending and repayments remain above levels seen since the start of 2020. The recent variability is likely to reflect the reduction in the stamp duty tax, which was initially expected to end in March, but has now been extended to the end of June.
2021-06-02

United Kingdom Mortgage Lending
In the UK, mortgage lending refers to monthly changes of total sterling net secured lending to individuals and housing associations.