Total number of mortgage sales in the UK 2022, by LTV 2021

In 2022, the number of mortgage sales (PSD) in the United Kingdom (UK) stood at over 1.15 million for the year. The median loan-to-value ratio in the United Kingdom for sales made in the fourth quarter of 2022 was approximately 88 percent. This meant that the average mortgage covered 88 percent of the property sales price, leaving the home acquirer to cover the remaining 30 percent with their own savings.

Product sales data (PSD) is collected by the Financial Conduct Authority (FCA) and includes new sales (including remortgages); transfers, top-ups, alterations (such as mortgage switches with the same lender). It does not include data on transactions made through fund supermarkets and nominee accounts (such as those used in platforms), and increments and renewals are generally not included according to the source. In the United Kingdom, all home finance providers are required to submit the mortgage PSD.