Net borrowing of mortgage debt by individuals in the United Kingdom increased to £0.2 billion in July 2023, from £0.1 billion in June and exceeding market expectations of a £0.5 billion worth of net repayments. Gross lending decreased to £18.7 billion in July from £20.4 billion in June, while gross repayments fell to £19.1 billion from £19.7 billion during the same period. The ‘effective’ interest rate, the actual interest rate paid, on newly drawn mortgages rose by 3 basis points to 4.66 percent in July, while the rate on the outstanding stock of mortgages increased by 5 basis points to 2.97 percent. source: Bank of England

Home Loans in the United Kingdom averaged 3375.80 GBP Million from 1986 until 2023, reaching an all time high of 17096.00 GBP Million in June of 2021 and a record low of -1782.00 GBP Million in July of 2021. This page provides - United Kingdom Mortgage Lending- actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Mortgage Lending - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.

Home Loans in the United Kingdom is expected to be 1000.00 GBP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Mortgage Lending is projected to trend around 4400.00 GBP Million in 2024 and 5100.00 GBP Million in 2025, according to our econometric models.

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United Kingdom Mortgage Lending



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-31 08:30 AM Jun £0.136B £-0.085B £0.1B £0.3B
2023-08-30 08:30 AM Jul £0.23B £0.105B £-0.46B £-0.4B
2023-09-29 08:30 AM Aug £0.23B


Related Last Previous Unit Reference
Mortgage Approvals 49.44 54.61 Thousand Jul 2023
Home Loans 230.00 105.00 GBP Million Jul 2023
Mortgage Rate 7.68 7.54 percent Jul 2023

United Kingdom Mortgage Lending
In the UK, mortgage lending refers to monthly changes of total sterling net secured lending to individuals and housing associations.
Actual Previous Highest Lowest Dates Unit Frequency
230.00 105.00 17096.00 -1782.00 1986 - 2023 GBP Million Monthly
SA

News Stream
UK Mortgage Lending Beats Forecasts
Net borrowing of mortgage debt by individuals in the United Kingdom increased to £0.2 billion in July 2023, from £0.1 billion in June and exceeding market expectations of a £0.5 billion worth of net repayments. Gross lending decreased to £18.7 billion in July from £20.4 billion in June, while gross repayments fell to £19.1 billion from £19.7 billion during the same period. The ‘effective’ interest rate, the actual interest rate paid, on newly drawn mortgages rose by 3 basis points to 4.66 percent in July, while the rate on the outstanding stock of mortgages increased by 5 basis points to 2.97 percent.
2023-08-30
UK Mortgage Lending Rises in June
Net borrowing of mortgage debt by individuals in the United Kingdom increased to GBP 0.1 billion in net flows in June 2023, after net repayments of GBP 0.1 billion in May and a record high of GBP 1.1 billion in net repayments in April, excluding the period since the onset of the Covid-19 pandemic. Gross lending increased for the second consecutive month, reaching GBP 20.0 billion in June from GBP 19.0 billion in May. Similarly, gross repayments rose to GBP 19.8 billion from GBP 19.0 billion. The ‘effective’ interest rate, the actual interest rate paid on newly drawn mortgages, rose by 7 basis points to 4.63 percent in June, while the rate on the outstanding stock of mortgages also increased by 10 basis points to 2.92 percent.
2023-07-31
UK Mortgage Lending Falls for 2nd Straight Month
Individuals in the United Kingdom made net repayments of GBP 0.1 billion on mortgage debt in May 2023, compared with market expectations of a net repayment of GBP 0.5 billion. This followed the record net repayments of GBP 1.5 billion in April, excluding the period since the onset of the Covid-19 pandemic. Gross lending rose to GBP 18.7 billion in May from GBP 16.4 billion in April, while gross repayments increased slightly to GBP 18.9 billion from GBP 18.6 billion after three consecutive months of decrease. The ‘effective’ interest rate, the actual interest rate paid, on newly drawn mortgages rose by 10 basis points to 4.56 percent in May, while the rate on the outstanding stock of mortgages also increased by 7 basis points to 2.82 percent.
2023-06-29