The number of monthly mortgage approvals for home purchase in the United Kingdom (UK) peaked at over 100,000 approvals in November 2020, after falling to record low levels in the beginning of the coronavirus pandemic in the second quarter of the year. The spike was due to the easing of the first lockdown and a rise in the demand for housing. In 2022, the housing market started cooling down and this was reflected by a falling number of mortgage approvals. In May 2023, there were about 50,500 mortgage approvals. Remortgaging approvals followed a
Number of approvals for house purchase mortgage in the United Kingdom (UK) from January 2010 to May 2023
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Other statistics that may interest you Real estate in the United Kingdom (UK)
Key figures
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Commercial real estate
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- Premium Statistic Commercial property investment volume in the UK Q1 2018-Q1 2023
- Premium Statistic Breakdown of commercial property investment in the UK 2023, by property type
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Residential real estate
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- Premium Statistic Property tenure distribution in the UK 1980-2022
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- Premium Statistic Average cost of rent in the UK April 2022-2023, by region
Mortgages
6
- Premium Statistic Gross mortgage lending in the UK 2007-2022
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- Basic Statistic Monthly development of approvals for house purchase mortgage in the UK 2010-2023
- Basic Statistic Monthly development of the value of house purchase loan approvals in the UK 2010-2023
- Premium Statistic Mortgage interest and council tax: weekly household spending in the UK 2022, by type
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Forecast
7
- Premium Statistic Capital value growth forecast for commercial real estate in the UK 2023-2027, by type
- Premium Statistic Rental growth forecast for commercial real estate in the UK 2024-2028, by type
- Premium Statistic Return on investment forecast for commercial real estate in the UK 2024-2028, by type
- Premium Statistic Forecast annual prime residential price growth in the UK regional market 2023-2028
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- Premium Statistic Forecast annual residential property rental price growth in the UK 2024-2028
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Further related statistics
15
- Mortgage completions via Help to Buy scheme in the UK 2013-2017, by property type
- Mortgage completions under Help to Buy scheme in UK 2013-2017, by applicant income
- Help to Buy scheme: number of equity loan completions in the UK 2013-2015
- Number of mortgage completions through Help to Buy Guarantee in the UK 2014-2017
- Value of Help to Buy guarantees in the United Kingdom (UK) 2015-2017
- Value of mortgages supported by Help to Buy scheme in the UK 2015-2017
- Gross residential mortgage lending in the Netherlands 2016-2022, per quarter
- House purchase lending year-on-year change for Spanish banking sector 2010-2019
- Value of lending assets of Bank CIMB Niaga Indonesia 2010-2017
- Total number of mortgage sales in the UK 2014-2022, by credit history
- UK banking: MFI's net lending by sector in 2018-2020, by type
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Statistics
- Mortgage completions via Help to Buy scheme in the UK 2013-2017, by property type
- Mortgage completions under Help to Buy scheme in UK 2013-2017, by applicant income
- Help to Buy scheme: number of equity loan completions in the UK 2013-2015
- Number of mortgage completions through Help to Buy Guarantee in the UK 2014-2017
- Value of Help to Buy guarantees in the United Kingdom (UK) 2015-2017
- Value of mortgages supported by Help to Buy scheme in the UK 2015-2017
- Gross residential mortgage lending in the Netherlands 2016-2022, per quarter
- House purchase lending year-on-year change for Spanish banking sector 2010-2019
- Value of lending assets of Bank CIMB Niaga Indonesia 2010-2017
- Total number of mortgage sales in the UK 2014-2022, by credit history
- UK banking: MFI's net lending by sector in 2018-2020, by type
- MFIs gross lending to large businesses in the UK 2019, by industry
- Value of lending assets of Bank Danamon Indonesia 2010-2017
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- Distribution of households in Romania 2019, by period of acquiring their house
Bank of England. (July 11, 2023). Number of approvals for house purchase mortgage in the United Kingdom (UK) from January 2010 to May 2023 [Graph]. In Statista. Retrieved June 16, 2024, from https://internal.statista.com/statistics/428589/uk-banking-number-approvals-lending-house-purchase/
Bank of England. "Number of approvals for house purchase mortgage in the United Kingdom (UK) from January 2010 to May 2023." Chart. July 11, 2023. Statista. Accessed June 16, 2024. https://internal.statista.com/statistics/428589/uk-banking-number-approvals-lending-house-purchase/
Bank of England. (2023). Number of approvals for house purchase mortgage in the United Kingdom (UK) from January 2010 to May 2023. Statista. Statista Inc.. Accessed: June 16, 2024. https://internal.statista.com/statistics/428589/uk-banking-number-approvals-lending-house-purchase/
Bank of England. "Number of Approvals for House Purchase Mortgage in The United Kingdom (Uk) from January 2010 to May 2023." Statista, Statista Inc., 11 Jul 2023, https://internal.statista.com/statistics/428589/uk-banking-number-approvals-lending-house-purchase/
Bank of England, Number of approvals for house purchase mortgage in the United Kingdom (UK) from January 2010 to May 2023 Statista, https://internal.statista.com/statistics/428589/uk-banking-number-approvals-lending-house-purchase/ (last visited June 16, 2024)
Number of approvals for house purchase mortgage in the United Kingdom (UK) from January 2010 to May 2023 [Graph], Bank of England, July 11, 2023. [Online]. Available: https://internal.statista.com/statistics/428589/uk-banking-number-approvals-lending-house-purchase/