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
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Financial Conduct Authority, & Bank of England. (December 8, 2020). 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 [Graph]. In Statista. Retrieved January 28, 2021, from https://www.statista.com/statistics/429451/uk-residential-loans-house-purchase-by-purpose-gross-advance/
Financial Conduct Authority, und Bank of England. "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 ." Chart. December 8, 2020. Statista. Accessed January 28, 2021. https://www.statista.com/statistics/429451/uk-residential-loans-house-purchase-by-purpose-gross-advance/
Financial Conduct Authority, Bank of England. (2020). 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 . Statista. Statista Inc.. Accessed: January 28, 2021. https://www.statista.com/statistics/429451/uk-residential-loans-house-purchase-by-purpose-gross-advance/
Financial Conduct Authority, and Bank of England. "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 ." Statista, Statista Inc., 8 Dec 2020, https://www.statista.com/statistics/429451/uk-residential-loans-house-purchase-by-purpose-gross-advance/
Financial Conduct Authority & Bank of England, 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 Statista, https://www.statista.com/statistics/429451/uk-residential-loans-house-purchase-by-purpose-gross-advance/ (last visited January 28, 2021)