The number of mortgage approvals for house purchase in the UK decreased to 75.2 thousand in July 2021, from a revised 80.3 thousand in the previous month and below market expectations of 78.6 thousand. This was the lowest since July 2020, but remained above pre-February 2020 levels. Approvals for remortgage, which only capture remortgaging with a different lender, rose to 37.4 thousand in July, from 35.8 thousand in June, remaining low compared to the months running up to February 2020. source: Bank of England

Mortgage Approvals in the United Kingdom averaged 83.57 Thousand from 1986 until 2021, reaching an all time high of 151.80 Thousand in May of 1988 and a record low of 9.32 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 September of 2021.

Mortgage Approvals in the United Kingdom is expected to be 71.00 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 78.00 Thousand in 2022 and 65.00 Thousand in 2023, according to our econometric models.

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United Kingdom Mortgage Approvals

Actual Previous Highest Lowest Dates Unit Frequency
75.15 80.27 151.80 9.32 1986 - 2021 Thousand Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-06-02 08:30 AM Apr 86.9K 83.4K 84.975K 78K
2021-06-29 08:30 AM May 87.5K 86.9K 85.9K 82K
2021-07-29 08:30 AM Jun 81.3K 86.9K 86.1K 85.1K
2021-08-31 08:30 AM Jul 75.2K 80.3K 78.6K 79.1K
2021-09-29 08:30 AM Aug 75.2K 72.6K
2021-10-29 09:30 AM Sep 71K
2021-11-30 09:30 AM Oct


News Stream
UK Mortgage Approvals Drop to 1-Year Low
The number of mortgage approvals for house purchase in the UK decreased to 75.2 thousand in July 2021, from a revised 80.3 thousand in the previous month and below market expectations of 78.6 thousand. This was the lowest since July 2020, but remained above pre-February 2020 levels. Approvals for remortgage, which only capture remortgaging with a different lender, rose to 37.4 thousand in July, from 35.8 thousand in June, remaining low compared to the months running up to February 2020.
2021-08-31
UK Mortgage Approvals Drop to 11-Month Low
The number of mortgage approvals for house purchase in the UK decreased to 81.3 thousand in June 2021, from a revised 86.9 thousand in the previous month and below market expectations of 86.1 thousand. The number of approvals, which is an indicator for future lending, fell to the lowest since July 2020, but remained above pre-February 2020 levels. Approvals for remortgage, which only capture remortgaging with a different lender, rose slightly to 35.4 thousand in June, from 34.8 thousand in May, remaining low compared to the months running up to February 2020.
2021-07-29
UK Mortgage Approvals Unexpectedly Rise in May
The number of mortgage approvals for house purchase in the UK increased to 87.5 thousand in May 2021, from 86.9 thousand in the previous month and above market expectations of 85.9 thousand. The number of approvals, which is an indicator for future lending, has fallen from a recent peak of 103,200 in November, but remained above pre-February 2020 levels. Approvals for remortgage, which only capture remortgaging with a different lender, rose slightly to 34.8 thousand in May, from 33.4 thousand in April, remaining low compared to the months running up to February 2020.
2021-06-29
UK Mortgage Approvals Top Forecasts
The number of mortgage approvals for house purchase in the UK went up to 86.92 thousand in April of 2021, from an upwardly revised 83.4 thousand in the previous month and above market expectations of 84.97 thousand. They have fallen from a recent peak of 103,400 in November, but have remained relatively strong. Approvals for remortgage (which only capture remortgaging with a different lender) remained broadly unchanged at 33,100.
2021-06-02

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.