United Kingdom Mortgage Approvals

Last Release

Jul 31, 2025

Actual

65.35

Units In

Thousand

64.17

Frequency

Monthly

Next Release

Sep 29, 2025

Time to Release

26 Days 7 Hours

Highest	Lowest	Average	Date Range	Source
151.8 May 1988	9.28 May 2020	81.16 Thousand	1986-2025	Bank of England

Mortgage approvals for house purchase refers to the firm offers of lenders to advance credit secured on specific dwellings to their customers. It covers approvals that are fully secured on residential property by a first mortgage. It includes existing borrowers transferring their existing mortgage to another property, lending to first-time purchasers and lending for buy-to-let purposes.

Latest Updates

Net mortgage approvals for house purchases in the UK rose to 65,352 in July 2025, up from an upwardly revised 64,571 in June and well above market expectations of 64,400. This marked the highest level since January, indicating that the housing market continued its recovery following the expiration of a homebuyer tax break in April and amid falling interest rates. Meanwhile, remortgage approvals, which track borrowers switching lenders, fell by 2,700 to 38,900 in July. The ‘effective’ interest rate on newly drawn mortgages declined for a fifth consecutive month, dropping to 4.28% from 4.34% in June, while the rate on the outstanding stock of mortgages remained steady at 3.88%.