This statistic displays the total monthly number of mortgage approvals in the United Kingdom (UK) from July 2018 to October 2020. As a result of the coronavirus (COVID-19) pandemic, the number of mortgage approvals plunged in the second quarter of 2020, reaching their lowest value of 45,950 in May 2020. The drop was experienced primarily in house purchase approvals and was followed by a gradual recovery in the following months. In October 2020, the number of total approvals exceeded the pre-pandemic values.
Total number of mortgage approvals in the United Kingdom (UK) from July 2018 to October 2020, by loan type (in 1,000s)
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Bank of England. (November 30, 2020). Total number of mortgage approvals in the United Kingdom (UK) from July 2018 to October 2020, by loan type (in 1,000s) [Graph]. In Statista. Retrieved January 19, 2021, from https://www.statista.com/statistics/872607/number-of-mortgage-approvals-united-kingdom/
Bank of England. "Total number of mortgage approvals in the United Kingdom (UK) from July 2018 to October 2020, by loan type (in 1,000s)." Chart. November 30, 2020. Statista. Accessed January 19, 2021. https://www.statista.com/statistics/872607/number-of-mortgage-approvals-united-kingdom/
Bank of England. (2020). Total number of mortgage approvals in the United Kingdom (UK) from July 2018 to October 2020, by loan type (in 1,000s). Statista. Statista Inc.. Accessed: January 19, 2021. https://www.statista.com/statistics/872607/number-of-mortgage-approvals-united-kingdom/
Bank of England. "Total Number of Mortgage Approvals in The United Kingdom (Uk) from July 2018 to October 2020, by Loan Type (in 1,000s)." Statista, Statista Inc., 30 Nov 2020, https://www.statista.com/statistics/872607/number-of-mortgage-approvals-united-kingdom/
Bank of England, Total number of mortgage approvals in the United Kingdom (UK) from July 2018 to October 2020, by loan type (in 1,000s) Statista, https://www.statista.com/statistics/872607/number-of-mortgage-approvals-united-kingdom/ (last visited January 19, 2021)