• Residential mortgage loan advances by purpose UK 2020

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This statistic illustrates a breakdown of gross advances on residential loans for house purchase issued to individuals in the United Kingdom (UK) from the first quarter of 2015 to the third quarter of 2020, roken down by loan purpose. It can be seen that the share of gross advances for house purchase fluctuated during the period. In the second quarter of 2020, the share of house purchase loans dropped due to the coronavirus pandemic and the interruption of normal business activities. The third quarter of the year followed with an increase in the share of house purchase mortgages from nearly 56 percent to over 68 percent.

Distribution of gross advances on residential loans in the United Kingdom (UK) from the 1st quarter 2015 to the 3rd quarter 2020, by loan purpose

	House purchase	Remortgage	Further advances	Other
Q3 '20	68.34%	24.98%	3.3%	3.38%
Q2 '20	55.92%	37.83%	2.85%	3.41%
Q1 '20	60.8%	32.14%	3.35%	3.71%
Q4 '19	64.5%	29.18%	3.09%	3.23%
Q3 '19	65.55%	28.02%	3.24%	3.19%
Q2 '19	63.59%	29.62%	3.43%	3.36%
Q1 '19	60.04%	33.34%	3.25%	3.36%
Q4 '18	63.5%	31.06%	2.4%	3.05%
Q3 '18	64.01%	30.3%	2.52%	3.17%
Q2 '18	63.17%	30.65%	2.75%	3.42%
Q1 '18	61.24%	32.65%	2.82%	3.29%
Q4 '17	65.06%	29.36%	2.52%	3.05%
Q3 '17	65.99%	28.26%	2.45%	3.3%
Q2 '17	66.35%	27.45%	2.69%	3.51%
Q1 '17	61.79%	31.31%	2.9%	3.99%
Q4 '16	66.49%	27.18%	2.94%	3.39%
Q3 '16	66.54%	27.61%	2.78%	3.07%
Q2 '16	63.74%	29.23%	3.18%	3.85%
Q1 '16	69.13%	25.13%	2.57%	3.17%
Q4 '15	69.46%	24.85%	2.21%	3.48%
Q3 '15	70.39%	23.89%	2.35%	3.37%
Q2 '15	67.74%	25.97%	2.51%	3.78%
Q1 '15	66.05%	27.08%	2.59%	4.28%

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Release date

December 2020

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Region

United Kingdom

Survey time period

1st quarter 2015 to 3rd quarter 2020

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