Mortgage Approvals in the United Kingdom decreased to 65.02 Thousand in October from 65.65 Thousand in September of 2025. This dataset 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.

The total monthly number of mortgage approvals for the purpose of a house sale in the UK plummeted in 2020 during the COVID-19 pandemic, followed by a spike in the second half of the year. In 2021, interest rates started to rise, resulting in a decline in the volume of mortgage approvals. In October 2025, mortgage approvals for home purchases totaled ******, while remortgage approvals stood at around ******. Being approved for a mortgage is one of the first steps in purchasing a home, which makes it an early indicator of the development of transaction volumes. However, a mortgage approval does not necessarily mean that a sale is going to take place, as home buyers need to undergo several other steps to complete the sale: conveyancing, or the process of transferring the legal title of the property from the seller to the buyer, a property survey, contract exchange, and closing.

Overview with Chart & Report: BoE Mortgage Approvals reflect the number of new mortgages approved during the previous month by UK mortgage lenders. Prior to index publication, a number of alternative mortgage reports are

Following the COVID-19 pandemic in 2020, the number of residential mortgage approvals in the UK plummeted. As the measures eased, the market rebounded, peaking at ******* mortgage approvals in November 2020. In 2022 and 2023, mortgage lending declined again as a response to the rising mortgage interest rates and the cooling of the housing market. In May 2025, the number of mortgage approvals exceeded *******—up from about ****** in the same month a year ago. The increase indicated a rise in mortgage demand and an improvement in consumer sentiment.

UK Mortgage Approvals Data from the Bank of England

Monthly Data

Contains both the seasonally adjusted and non-seasonally adjusted series.

1. Monthly number of total sterling approvals for house purchase to individuals not seasonally adjusted - LPMVTVU

2. Monthly number of total sterling approvals for house purchase to seasonally adjusted LPMVTVX

Mortgage rates surged at an unprecedented pace in 2022, with the average 10-year fixed rate doubling between March and December of that year. In response to mounting inflation, the Bank of England implemented a series of rate hikes, pushing borrowing costs steadily higher. By October 2025, the average 10-year fixed mortgage rate stood at **** percent. As financing becomes more expensive, housing demand has cooled, weighing on market sentiment and slowing house price growth. How have the mortgage hikes affected the market? After surging in 2021, the number of residential properties sold fell significantly in 2023, dipping to just above *** million transactions. This contraction in activity also dampened mortgage lending. Between the first quarter of 2023 and the first quarter of 2024, the value of new mortgage loans declined year-on-year for five consecutive quarters. Even as rates eased modestly in 2024 and housing activity picked up slightly, volumes remained well below the highs recorded in 2021. How are higher mortgages impacting homebuyers? For homeowners, the impact is being felt most acutely as fixed-rate deals expire. Mortgage terms in the UK typically range from two to ten years, and many borrowers who locked in historically low rates are now facing significantly higher repayments when refinancing. By the end of 2026, an estimated five million homeowners will see their mortgage deals expire. Roughly two million of these loans are projected to experience a monthly payment increase of up to *** British pounds by 2026, putting additional pressure on household budgets and constraining affordability across the market.

United Kingdom Mortgage Loans Approved: sa: Cases: HP: MFIs data was reported at 63,288.000 Unit in Oct 2018. This records an increase from the previous number of 62,550.000 Unit for Sep 2018. United Kingdom Mortgage Loans Approved: sa: Cases: HP: MFIs data is updated monthly, averaging 74,659.000 Unit from Apr 1993 (Median) to Oct 2018, with 307 observations. The data reached an all-time high of 117,923.000 Unit in Feb 2002 and a record low of 25,158.000 Unit in Nov 2008. United Kingdom Mortgage Loans Approved: sa: Cases: HP: MFIs data remains active status in CEIC and is reported by Bank of England. The data is categorized under Global Database’s United Kingdom – Table UK.KB022: Mortgage Loans: Approved.

United Kingdom Mortgage Loans Approved: sa: Cases: HP: Other Specialist Lenders data was reported at 2,999.000 Unit in Sep 2018. This records a decrease from the previous number of 3,261.000 Unit for Aug 2018. United Kingdom Mortgage Loans Approved: sa: Cases: HP: Other Specialist Lenders data is updated monthly, averaging 5,277.500 Unit from Oct 1997 (Median) to Sep 2018, with 252 observations. The data reached an all-time high of 29,803.000 Unit in Oct 2006 and a record low of 790.000 Unit in Oct 2008. United Kingdom Mortgage Loans Approved: sa: Cases: HP: Other Specialist Lenders data remains active status in CEIC and is reported by Bank of England. The data is categorized under Global Database’s United Kingdom – Table UK.KB022: Mortgage Loans: Approved.

United Kingdom Mortgage Loans Approved: OS: Other Loans data was reported at 19.000 GBP mn in Jun 2018. This records a decrease from the previous number of 24.000 GBP mn for May 2018. United Kingdom Mortgage Loans Approved: OS: Other Loans data is updated monthly, averaging 58.000 GBP mn from Jan 1999 (Median) to Jun 2018, with 234 observations. The data reached an all-time high of 400.000 GBP mn in Mar 2005 and a record low of 3.000 GBP mn in Jan 1999. United Kingdom Mortgage Loans Approved: OS: Other Loans data remains active status in CEIC and is reported by Bank of England. The data is categorized under Global Database’s UK – Table UK.KB022: Mortgage Loans: Approved.

Die Hypothekengenehmigungen der BoE zählen die neuen, genehmigten Hypotheken während des vorherigen Monats durch die Hypothekenbanken Großbritanniens. Vor der Veröffentlichung des Index werden eine

United Kingdom Mortgage Loans Approved: sa: Cases data was reported at 129,388.000 Unit in Sep 2018. This records a decrease from the previous number of 132,974.000 Unit for Aug 2018. United Kingdom Mortgage Loans Approved: sa: Cases data is updated monthly, averaging 134,461.500 Unit from Oct 1997 (Median) to Sep 2018, with 252 observations. The data reached an all-time high of 371,492.000 Unit in Oct 2003 and a record low of 87,422.000 Unit in Jul 2012. United Kingdom Mortgage Loans Approved: sa: Cases data remains active status in CEIC and is reported by Bank of England. The data is categorized under Global Database’s United Kingdom – Table UK.KB022: Mortgage Loans: Approved.

Home Loans in the United Kingdom decreased to 4273 GBP Million in October from 5223 GBP Million in September of 2025. This dataset provides - United Kingdom Mortgage Lending- actual values, historical data, forecast, chart, statistics, economic calendar and news.

United Kingdom Mortgage Loans Approved: OS: Remortgaging data was reported at 841.000 GBP mn in Jun 2018. This records an increase from the previous number of 813.000 GBP mn for May 2018. United Kingdom Mortgage Loans Approved: OS: Remortgaging data is updated monthly, averaging 593.500 GBP mn from Jan 1999 (Median) to Jun 2018, with 234 observations. The data reached an all-time high of 2,176.000 GBP mn in Jun 2007 and a record low of -14.000 GBP mn in Dec 2008. United Kingdom Mortgage Loans Approved: OS: Remortgaging data remains active status in CEIC and is reported by Bank of England. The data is categorized under Global Database’s UK – Table UK.KB022: Mortgage Loans: Approved.

House prices in the UK rose dramatically during the coronavirus pandemic, with growth slowing down in 2022 and turning negative in 2023. The year-on-year annual house price change peaked at 14 percent in July 2022. In April 2025, house prices increased by 3.5 percent. As of late 2024, the average house price was close to 290,000 British pounds. Correction in housing prices: a European phenomenon The trend of a growing residential real estate market was not exclusive to the UK during the pandemic. Likewise, many European countries experienced falling prices in 2023. When comparing residential property RHPI (price index in real terms, e.g. corrected for inflation), countries such as Germany, France, Italy, and Spain also saw prices decline. Sweden, one of the countries with the fastest growing residential markets, saw one of the largest declines in prices. How has demand for UK housing changed since the outbreak of the coronavirus? The easing of the lockdown was followed by a dramatic increase in home sales. In November 2020, the number of mortgage approvals reached an all-time high of over 107,000. One of the reasons for the housing boom were the low mortgage rates, allowing home buyers to take out a loan with an interest rate as low as 2.5 percent. That changed as the Bank of England started to raise the base lending rate, resulting in higher borrowing costs and a decline in homebuyer sentiment.

Discover the booming European home mortgage finance market! This in-depth analysis reveals a €500B+ market with a CAGR exceeding 6%, driven by demographics, government incentives, and low-interest rates. Explore key trends, segments (home purchase, refinance, providers), and leading companies. Get insights for investment and strategic planning. Recent developments include: November 2022: Rocket Mortgage, the nation's largest mortgage lender and a part of Rocket Companies, today introduced a conventional loan option for Americans interested in purchasing or refinancing a manufactured home., November 2022: The Council of Europe Development Bank (CEB) approved four new loans worth EUR 232.5 million to boost affordable housing and other social sector development. Under this, it offered EUR 25 million in loans to Kosovo to finance the 'Adequate Social Housing Programme' to establish a sustainable social and affordable housing system in the country.. Notable trends are: Increased Number of Salaried Individuals is Driving the Market Growth.

The UK’s total loan balances outstanding (including credit card balances, personal loan balances, and residential mortgage balances outstanding) recorded a compound annual growth rate (CAGR) of 3.3% during 2014-18 to reach £1,626.6bn ($2,075.6bn). The majority of loan balances outstanding are from home loans, with residential mortgage balances outstanding accounting for 86.7% of total balances in 2018, followed by personal loans (8.8%) and credit cards (4.5%). However, uncertainty on account of Brexit and its impact on the economy will affect the growth of total loan balances outstanding in the coming years. As a result, we estimate total loan balances outstanding to record a subdued CAGR of 2.7% over 2019-23. The UK lending space is dominated by Lloyds Banking Group, Barclays, and RBS Group – a trend that is anticipated to continue over the coming years. However, they may face increased competition from non-bank lenders, digital banks, and digital lending platforms breaking into the market and offering low interest rates and hassle-free loan approvals. The savings market in the UK recorded a CAGR of 3.9% over 2014-18 to reach £1,433.7bn ($1,829.4bn) in 2018. The market grew at a higher rate compared to loan balances during the five-year review period due to economic uncertainty surrounding Brexit. Read More

United Kingdom Mortgage Loans Approved: Remortgaging data was reported at 8,996.000 GBP mn in Jun 2018. This records a decrease from the previous number of 9,301.000 GBP mn for May 2018. United Kingdom Mortgage Loans Approved: Remortgaging data is updated monthly, averaging 5,681.000 GBP mn from Oct 1997 (Median) to Jun 2018, with 249 observations. The data reached an all-time high of 15,459.000 GBP mn in Apr 2008 and a record low of 764.000 GBP mn in Nov 1997. United Kingdom Mortgage Loans Approved: Remortgaging data remains active status in CEIC and is reported by Bank of England. The data is categorized under Global Database’s UK – Table UK.KB022: Mortgage Loans: Approved.

This statistic illustrates the quarterly value of new bank loans approved to small and medium enterprises (SMEs) conducting business within the services industry in the United Kingdom (UK) from the fourth quarter of 2016 to the fourth quarter of 2018. The value of loan approvals to service industry SMEs generally increased with some fluctuation during the period observed from approximately *** billion British pounds in the fourth quarter of 2016 to roughly *** billion British pounds in the fourth quarter of 2018.

United Kingdom Mortgage Loans Approved: Cases: MFIs: Remortgaging data was reported at 42,562.000 Unit in Sep 2018. This records a decrease from the previous number of 48,316.000 Unit for Aug 2018. United Kingdom Mortgage Loans Approved: Cases: MFIs: Remortgaging data is updated monthly, averaging 42,055.000 Unit from Jan 2001 (Median) to Sep 2018, with 213 observations. The data reached an all-time high of 123,547.000 Unit in Apr 2003 and a record low of 18,366.000 Unit in Jan 2010. United Kingdom Mortgage Loans Approved: Cases: MFIs: Remortgaging data remains active status in CEIC and is reported by Bank of England. The data is categorized under Global Database’s UK – Table UK.KB022: Mortgage Loans: Approved.

This statistic illustrates the quarterly value of new bank loans approved to small and medium enterprises (SMEs) in the agriculture, hunting and forestry sector in the United Kingdom (UK) from the ************** 2016 to the ************** 2018. The value of loan approvals to agriculture, hunting and forestry SMEs increased with some fluctuation during this time period from *** million British pounds in the ************** of 2016 to approximately **** billion British pounds in the ************** of 2018.