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Quarterly gross mortgage lending in the United Kingdom (UK) Q4 2018- Q2 2020

Gross advances of residential loans refers to the amount of new mortgage loans to borrowers. It can be seen that the value of gross mortgage lending reached an estimated value of approximately 73.5 billion British pounds as of the fourth quarter of 2019. In the beginning of 2020, mortgage lending plunged. This was largely to be attributed to the unclear outcomes of the coronavirus (covid-19) crisis and people's confidence in the economic environment decreasing.

Total value of gross mortgage lending in the United Kingdom (UK) from 4th quarter 2018 to 2nd quarter 2020

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Sources

Release date

September 2020

Region

United Kingdom

Survey time period

1st quarter 2018 to 2nd quarter 2020

Supplementary notes

The source added the following information "Total mortgage gross lending gives the total value of loans secured on dwellings that are newly advanced by institutions in the period. All the figures were sourced from the Bank of England except the estimate for the most current month."

Figures rounded.

Not seasonally adjusted.

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Statistics on "Mortgages in the United Kingdom (UK)"

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