In 2018, mortgage advances valued at over one hundred thousand British pounds accounted for over one third of all mortgages in the UK. With the simple average house price of all dwellings in the UK valued at 283 thousand British pounds in 2018, there is a clear correlation between the size of mortgage advances and the ongoing rise of house prices.
Distribution of mortgage advances in the United Kingdom (UK) in 2018, by mortgage size
The source added the following information "Based on mortgages completed and adjusted for the mix of dwellings sold. The data published in these tables are based on a sub-sample of RMS data. These results will therefore differ from results produced using full sample data. For further information please contact the ONS using the contact details below."
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Statistics on "Residential property market in London (UK)"
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Office for National Statistics (UK). (July 17, 2019). Distribution of mortgage advances in the United Kingdom (UK) in 2018, by mortgage size [Graph]. In Statista. Retrieved February 16, 2020, from https://www.statista.com/statistics/1029151/distribution-of-mortgage-advances-in-the-uk-by-size/
Office for National Statistics (UK). "Distribution of mortgage advances in the United Kingdom (UK) in 2018, by mortgage size ." Chart. July 17, 2019. Statista. Accessed February 16, 2020. https://www.statista.com/statistics/1029151/distribution-of-mortgage-advances-in-the-uk-by-size/
Office for National Statistics (UK). (2019). Distribution of mortgage advances in the United Kingdom (UK) in 2018, by mortgage size . Statista. Statista Inc.. Accessed: February 16, 2020. https://www.statista.com/statistics/1029151/distribution-of-mortgage-advances-in-the-uk-by-size/
Office for National Statistics (UK). "Distribution of Mortgage Advances in The United Kingdom (Uk) in 2018, by Mortgage Size ." Statista, Statista Inc., 17 Jul 2019, https://www.statista.com/statistics/1029151/distribution-of-mortgage-advances-in-the-uk-by-size/
Office for National Statistics (UK), Distribution of mortgage advances in the United Kingdom (UK) in 2018, by mortgage size Statista, https://www.statista.com/statistics/1029151/distribution-of-mortgage-advances-in-the-uk-by-size/ (last visited February 16, 2020)
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