Monthly development of approvals for house purchase lending in the UK 2010-2021
Since 2010, the number of monthly mortgage approvals for home purchase in the United Kingdom (UK) has fluctuated between 40,000 and 80,000. In the wake of the coronavirus (COVID-19) crisis between March and May 2020, mortgage approvals plunged, reaching a record low of 9,000. With the easing of the first lockdown, the market headed for recovery and in November 2020, the number of house purchase approvals peaked at approximately 104,500. Remortgaging approvals followed a similar trend.
