The monthly number of approvals for remortgaging loans to individuals in the UK increased between 2012 and 2020, before plummeting due to the COVID-19 pandemic. In the second half of 2021, remortgaging activity headed for recovery and in October 2022, there were about 50,000 approvals. However, as mortgage interest rates soared, remortgaging fell dramatically, reaching a record low of about 20,000 approvals in October 2023. House purchase mortgage approvals followed a similar trend.

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.

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 number of monthly mortgage approvals for home purchase in the United Kingdom (UK) peaked at nearly 108,000 approvals in November 2020, after falling to record low levels at 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 to cool, resulting in a falling number of mortgage approvals. In September 2024, there were 65,647 mortgage approvals. Remortgaging approvals followed a similar trend.

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.

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.

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.

The value of mortgage approvals in the UK started to increase in the final quarter of 2023, reaching 22.7 billion British pounds in September 2024. In recent years, the market has undergone significant fluctuations, including a dramatic decline in May 2020 because of the COVID-19 pandemic and two notable drops in 2023, attributable to the aggressive mortgage interest rate hikes and worsening economic conditions.

United Kingdom Mortgage Loans Approved: Cases: OS: Remortgaging data was reported at 5,039.000 Unit in Sep 2018. This records a decrease from the previous number of 5,366.000 Unit for Aug 2018. United Kingdom Mortgage Loans Approved: Cases: OS: Remortgaging data is updated monthly, averaging 3,816.000 Unit from Jan 1999 (Median) to Sep 2018, with 237 observations. The data reached an all-time high of 21,680.000 Unit in May 2007 and a record low of 459.000 Unit in Dec 2008. United Kingdom Mortgage Loans Approved: Cases: OS: Remortgaging 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.

The FCA publishes the latest data from firms who have signed up to the Government’s Mortgage Charter. The Government’s Mortgage Charter, introduced in June 2023, contains commitments, over and above FCA requirements, made by mortgage lenders. There are 49 signatories, representing around 90% of the mortgage market. These commitments include: not to force a borrower to leave their home without their consent, unless in exceptional circumstances, in less than a year from their first missed payment to allow customers to lock in a new deal up to 6 months ahead of the end of a fixed rate deal, and to request a better like-for-like deal up until the new one starts, if one is available without assessing affordability, to permit customers who are up to date with their payments to switch to interest-only payments for 6 months, or to extend their mortgage term with the option to revert to their original term within 6 months

The number of final orders made against mortgage cases disposed in the High Court. Datasets are produced on an annual year basis. The dataset is entered onto ICOS, the Integrated Courts Operations System. The data are then extracted and merged with the Central Postcode Directory, and aggregated information uploaded to this portal. Northern Ireland Courts and Tribunals Service collects information on writs and originating summonses issued in respect of mortgages in Chancery Division of the Northern Ireland High Court. This covers both Northern Ireland Housing Executive and private mortgages, and relates to both domestic and commercial properties. A mortgage case may involve more than one address or a land property. In such cases, the first postcode address entered onto ICOS is used. Not all writs and originating summonses lead to eviction. A plaintiff begins an action for an order for possession of property. The court, following a judicial hearing, may grant an order for possession. This entitles the plaintiff to apply for an order to have the defendant evicted. However, even where an order for eviction is issued the parties can still negotiate a compromise to prevent eviction. When a case is disposed of, it may have more than one final order made. This database contains the last final order made. A description of the orders is below: Possession: The court orders the defendant to deliver possession of the property to the plaintiff within a specified time. If the defendant fails to comply with the court order the plaintiff may proceed to apply to the Enforcement of Judgements Office to repossess the property and give possession of it to the plaintiff. Sale and Possession: If the plaintiff seeks possession of property which is subject to an ‘equitable mortgage’ (i.e. normally one created informally by the deposit of deeds rather than the execution of a mortgage deed) the court may order a sale of the property to enable enforcement of the equitable mortgage and that the defendant give up possession for that purpose. The sale price is subject to approval by the court. Suspended Possession: The court may postpone the date for delivery of possession if it is satisfied that the defendant is likely to be able, within a reasonable period, to pay any sums due under the mortgage, or to remedy any other breach of the obligations under the mortgage. A suspended possession order cannot be enforced by the plaintiff without the permission of the court, which will only be granted after a further hearing. Other: other orders include strike out, dismiss action, and other less common orders. Strike out: This occurs when the moving party does not wish to proceed any further, or when the court rules that there is no reasonable ground for bringing or defending the mortgage action. Dismiss action: The mortgage action is dismissed by the courts. Other orders: These include: (a) Declaration of possession coupled with an order for sale in lieu of partition and (b) Stay of Eviction - after a Possession Order is granted but prior to actual repossession, the Defendant may apply to Court to seek a stay of eviction which, if granted, prevents repossession for a certain defined period. Users of this data may have been able to self-identify themselves due to the low values in some cells. Primary and secondary disclosure control methods have been applied to this data, denoted by cells with missing data in the tables. Values of less than four, but not zero, were initially suppressed, but some of these values could have been calculated using some row and column totals and thus secondary suppression was applied to the next lowest value in the row and column. The data contain the number of final orders made against cases disposed by each Local Government District and have the following proportions of postcode coverage: 2012, 97.7%; 2013, 96.5%; 2014, 96.0%; 2015, 94.8%; 2016, 95.5%; 2017, 95.1%; 2018, 94.8%; 2019, 93.8%; 2020, 95.6%; 2021, 93.6%; 2022, 95.3%; 2023, 97.5%; 2024, 95.7%.

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

As a result of the coronavirus (COVID-19) pandemic, the number of residential mortgage approvals in the United Kingdom (UK) plummeted in the second quarter of 2020. With the easing of the measures, the market quickly headed for recovery. Nevertheless, the total number of mortgage approvals in 2020 remained below the ********* average.

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.

The value of approvals issued for house purchase lending in the UK plummeted at the beginning of the COVID-19 pandemic, reaching a record low of 1.9 billion British pounds in May 2020. In the second half of the year, the release of pent-up demand led to the value of approvals spiking at over 23 billion British pounds in November 2020. With mortgage rates increasing in response to stubborn inflation, the value of mortgage approvals saw a substantial decrease in 2022 and an uptick in 2023, with the latest data showing a value of 15.6 billion British pounds in May 2025. Remortgage approvals followed a similar trend.

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.

The monthly value of approvals issued for remortgaging loans to individuals in the United Kingdom (UK) increased between 2010 and the first two months of 2020, before falling dramatically in March 2020 due to the outbreak of the coronavirus (COVID-19) pandemic. Between May 2020 and April 2021, remortgaging activity fluctuated, but in the second and third quarter of 2021, it headed for recovery, and in October 2022 stood at 10.4 billion British pounds. House purchase approvals followed a similar trend.

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.

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.