The value of mortgage approvals in the United Kingdom (UK) plummeted in the final months of 2022 and the beginning of 2023, as interest rates reached some of the highest values observed in the past decade. In January 2023, the value of mortgage approvals including remortgaging and home purchases hit approximately 13.5 billion British pounds, down from the market peak of 30 billion British pounds in November 2020. Nevertheless, the lowest value was observed in May 2020 during the coronavirus (COVID-19) lockdown.
Total value of approvals for house purchase lending and remortgaging (lending secured on dwellings) in United Kingdom (UK) from January 2017 to July 2023 (in million GBP)
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Other statistics that may interest you Mortgages in the United Kingdom (UK)
Introduction
7
- Premium Statistic Mortgage affordability in the UK 2002-2022 with a forecast until 2026
- Premium Statistic Average mortgage interest rates in the UK 2000-2024, per quarter and type
- Premium Statistic Gross mortgage lending in the UK 2007-2022
- Basic Statistic Outstanding amounts of lending to individuals in the UK 2007-2023, by loan type
- Premium Statistic Regional median LTV ratio for mortgage sales in the UK 2018 to 2022
- Basic Statistic Gross mortgage lending market share of leading UK banks 2021-2022
- Premium Statistic Building societies ranked by group assets in the UK 2023
Mortgage volumes
8
- Premium Statistic Total number of mortgage sales in the UK 2018-2022, by interest rate type
- Premium Statistic Average value of mortgages granted in the UK 2016-2023, per quarter
- Premium Statistic Number of mortgage approvals in the UK 2017-2023, per month
- Premium Statistic Number of mortgage approvals in the UK 2012-2023, by loan type
- Basic Statistic Gross mortgage lending and change from previous year in the UK 2007-2023, per quarter
- Basic Statistic Value of mortgage approvals in the UK 2017-2023
- Premium Statistic Residential loans for house purchase (gross advances) in the UK 2015-2023, by scheme
- Premium Statistic Mortgage loans distribution (gross advances) in the UK 2015-2023, by purpose
Households with mortgage: context and distribution
6
- Basic Statistic Homebuyer sentiment in the UK 2012-2023, per quarter
- Premium Statistic Distribution of new homes with a mortgage in the UK 2022, by type
- Basic Statistic Homeowner distribution in England 2023, by home financing and age
- Premium Statistic Share of homes with mortgage in 2023, by household type
- Premium Statistic First-time buyer mortgage in the UK 2022-2023, by region
- Premium Statistic Major barriers to buying a residential property in the UK 2016-2023
Mortgage repayments
6
- Basic Statistic Mortgage payment to income share in the UK 2000-2022, by type of buyer
- Basic Statistic Value of regular mortgage repayments in the UK 2012-2023, per quarter
- Basic Statistic Secured lending: repayments on redemption in the UK 2012-2023, per quarter
- Premium Statistic Value of mortgage lump sum repayments in the UK 2012-2023, per quarter
- Premium Statistic Mortgage interest and council tax: weekly household spending in the UK 2022, by type
- Premium Statistic Dwellings and mortgages: weekly household spending in the UK 2022, by type
Repossessions and consumer complaints
5
- Premium Statistic Residential mortgage loan write-offs: share in the UK 2022, with a forecast by 2025
- Premium Statistic Number of landlord and mortgage repossessions in England 2010-2023, per quarter
- Premium Statistic Customer complaints relating to mortgage services in the UK 2010-2023
- Basic Statistic Customer complaints about mortgage endowments in the UK 2009-2023
- Basic Statistic Complaints against home financing providers in the UK in H2 2022, by firm
Further related statistics
18
- Value of buy-to-let mortgage lending in the UK 2011-2021, with a forecast until 2024
- 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
- 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
- Average loan size of buy-to-let properties UK Q3 2021-Q2 2022
- Average value of buy-to-let properties UK Q4 2016-2019
- Total number of mortgage sales in the UK 2022, by property value
- Outstanding value of mortgage loans of Banco BPM in Italy H1 2016-H1 2018
- Total number of mortgage sales in the UK 2022, by LTV 2021
- Value of total outstanding home loans in Singapore 2005-2016
- Chile: new housing unit sales in Greater Santiago, Chile 2014-2021
- Row house purchase transaction volume South Korea 2022, by size
- U.S. metros with largest increase in mortgage refinance activity Q4 2020
- Home buyers searching for a home for more than three months U.S. 2022, by generation
- Gross profit per home flip in the U.S. 2017, by finance type
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Statistics
- Value of buy-to-let mortgage lending in the UK 2011-2021, with a forecast until 2024
- 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
- 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
- Average loan size of buy-to-let properties UK Q3 2021-Q2 2022
- Average value of buy-to-let properties UK Q4 2016-2019
- Total number of mortgage sales in the UK 2022, by property value
- Outstanding value of mortgage loans of Banco BPM in Italy H1 2016-H1 2018
- Total number of mortgage sales in the UK 2022, by LTV 2021
- Value of total outstanding home loans in Singapore 2005-2016
- Chile: new housing unit sales in Greater Santiago, Chile 2014-2021
- Row house purchase transaction volume South Korea 2022, by size
- U.S. metros with largest increase in mortgage refinance activity Q4 2020
- Home buyers searching for a home for more than three months U.S. 2022, by generation
- Gross profit per home flip in the U.S. 2017, by finance type
Bank of England. (September 25, 2023). Total value of approvals for house purchase lending and remortgaging (lending secured on dwellings) in United Kingdom (UK) from January 2017 to July 2023 (in million GBP) [Graph]. In Statista. Retrieved March 29, 2024, from https://www.statista.com/statistics/320057/uk-banking-value-approvals-lending/
Bank of England. "Total value of approvals for house purchase lending and remortgaging (lending secured on dwellings) in United Kingdom (UK) from January 2017 to July 2023 (in million GBP) ." Chart. September 25, 2023. Statista. Accessed March 29, 2024. https://www.statista.com/statistics/320057/uk-banking-value-approvals-lending/
Bank of England. (2023). Total value of approvals for house purchase lending and remortgaging (lending secured on dwellings) in United Kingdom (UK) from January 2017 to July 2023 (in million GBP) . Statista. Statista Inc.. Accessed: March 29, 2024. https://www.statista.com/statistics/320057/uk-banking-value-approvals-lending/
Bank of England. "Total Value of Approvals for House Purchase Lending and Remortgaging (Lending Secured on Dwellings) in United Kingdom (Uk) from January 2017 to July 2023 (in Million Gbp) ." Statista, Statista Inc., 25 Sep 2023, https://www.statista.com/statistics/320057/uk-banking-value-approvals-lending/
Bank of England, Total value of approvals for house purchase lending and remortgaging (lending secured on dwellings) in United Kingdom (UK) from January 2017 to July 2023 (in million GBP) Statista, https://www.statista.com/statistics/320057/uk-banking-value-approvals-lending/ (last visited March 29, 2024)
Total value of approvals for house purchase lending and remortgaging (lending secured on dwellings) in United Kingdom (UK) from January 2017 to July 2023 (in million GBP) [Graph], Bank of England, September 25, 2023. [Online]. Available: https://www.statista.com/statistics/320057/uk-banking-value-approvals-lending/