In 2019, 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 277 thousand British pounds in 2019, 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 2019, 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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Office for National Statistics (UK). (August 19, 2020). Distribution of mortgage advances in the United Kingdom (UK) in 2019, by mortgage size [Graph]. In Statista. Retrieved July 01, 2022, 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 2019, by mortgage size ." Chart. August 19, 2020. Statista. Accessed July 01, 2022. https://www.statista.com/statistics/1029151/distribution-of-mortgage-advances-in-the-uk-by-size/
Office for National Statistics (UK). (2020). Distribution of mortgage advances in the United Kingdom (UK) in 2019, by mortgage size . Statista. Statista Inc.. Accessed: July 01, 2022. 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 2019, by Mortgage Size ." Statista, Statista Inc., 19 Aug 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 2019, by mortgage size Statista, https://www.statista.com/statistics/1029151/distribution-of-mortgage-advances-in-the-uk-by-size/ (last visited July 01, 2022)
