Number of mortgage approvals in the UK 2017-2024, by month

Published by Statista Research Department, Nov 7, 2024

Following the COVID-19 pandemic in 2020, the number of residential mortgage approvals in the UK plummeted. As the measures eased, the market rebounded, peaking at 157,000 mortgage approvals in November 2020. In 2022 and 2023, mortgage lending declined again as a response to the rising mortgage interest rates and the cooling of the housing market. In September 2024, the number of mortgage approvals exceeded 106,000 - up from about 70,500 in the same month a year ago. The increase indicated a rise in mortgage demand and an improvement in consumer sentiment. 

Number of mortgage approvals for house purchase lending and remortgaging (lending secured on dwellings) in the United Kingdom (UK) from January 2017 to September 2024

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Release date

November 2024

Region

United Kingdom

Survey time period

January 2017 to September 2024

Supplementary notes

Lending secured on dwellings includes both remortgaging and house purchase, as well as other categories. Figures are seasonally adjusted.

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