The monthly value of approvals issued for remortgaging loans to individuals in the United Kingdom (UK) increased between 2010 and the first two months of 2020, before falling dramatically in March 2020 due to the outbreak of the coronavirus (COVID-19) pandemic. Between May 2020 and April 2021, remortgaging activity fluctuated, but in the second and third quarter of 2021, it headed for recovery, and in October 2022 stood at 10.4 billion British pounds. House purchase approvals followed a similar trend.
Value of approvals for remortgaging lending in the United Kingdom (UK) from January 2010 to November 2022
(in million GBP)
Characteristic
Value of approvals in million GBP
Oct '22
10,443
Sep '22
10,064
Aug '22
10,377
Jul '22
10,062
Jun '22
9,093
May '22
9,728
Apr '22
9,822
Mar '22
10,273
Feb '22
10,372
Jan '22
10,097
Dec '21
10,001
Nov '21
10,260
Oct '21
8,454
Sep '21
8,257
Aug '21
7,744
Jul '21
7,178
Jun '21
6,920
May '21
6,587
Apr '21
6,351
Mar '21
6,755
Feb '21
6,888
Jan '21
6,679
Dec '20
6,926
Nov '20
7,016
Oct '20
5,895
Sep '20
6,025
Aug '20
6,065
Jul '20
6,546
Jun '20
6,980
May '20
5,212
Apr '20
5,977
Mar '20
7,578
Feb '20
9,503
Jan '20
9,522
Dec '19
9,312
Nov '19
9,118
Oct '19
8,898
Sep '19
8,779
Aug '19
8,448
Jul '19
8,374
Jun '19
8,286
May '19
8,351
Apr '19
8,696
Mar '19
8,771
Feb '19
8,746
Jan '19
8,938
Dec '18
8,640
Nov '18
8,726
Oct '18
8,591
Sep '18
8,725
Aug '18
9,155
Jul '18
8,091
Jun '18
8,865
May '18
9,216
Apr '18
8,591
Mar '18
8,212
Feb '18
8,222
Jan '18
8,153
Dec '17
8,381
Nov '17
9,488
Oct '17
9,080
Sep '17
8,287
Aug '17
7,820
Jul '17
8,275
Jun '17
8,194
May '17
7,727
Apr '17
7,533
Mar '17
7,642
Feb '17
7,906
Jan '17
8,049
Dec '16
8,487
Nov '16
7,907
Oct '16
7,558
Sep '16
7,512
Aug '16
6,898
Jul '16
7,654
Jun '16
7,769
May '16
7,805
Apr '16
7,485
Mar '16
7,683
Feb '16
7,478
Jan '16
7,393
Dec '15
7,249
Nov '15
6,823
Oct '15
6,858
Sep '15
7,138
Aug '15
6,825
Jul '15
6,543
Jun '15
6,270
May '15
6,167
Apr '15
6,219
Mar '15
5,739
Feb '15
5,466
Jan '15
5,142
Dec '14
5,171
Nov '14
5,196
Oct '14
5,004
Sep '14
4,866
Aug '14
5,127
Jul '14
5,462
Jun '14
4,989
May '14
4,502
Apr '14
5,103
Mar '14
5,277
Feb '14
5,396
Jan '14
5,631
Dec '13
5,447
Nov '13
5,346
Oct '13
5,383
Sep '13
5,450
Aug '13
5,373
Jul '13
5,133
Jun '13
4,954
May '13
4,765
Apr '13
4,433
Mar '13
4,198
Feb '13
3,868
Jan '13
3,658
Dec '12
3,824
Nov '12
3,712
Oct '12
3,795
Sep '12
4,062
Aug '12
3,470
Jul '12
3,295
Jun '12
3,506
May '12
3,873
Apr '12
4,222
Mar '12
3,886
Feb '12
3,966
Jan '12
4,250
Dec '11
4,169
Nov '11
4,167
Oct '11
4,369
Sep '11
4,361
Aug '11
4,276
Jul '11
4,192
Jun '11
4,210
May '11
3,610
Apr '11
3,478
Mar '11
4,144
Feb '11
4,899
Jan '11
4,079
Dec '10
3,744
Nov '10
4,237
Oct '10
3,819
Sep '10
3,832
Aug '10
3,724
Jul '10
3,722
Jun '10
3,567
May '10
3,500
Apr '10
3,439
Mar '10
3,616
Feb '10
3,572
Jan '10
3,091
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Bank of England. (January 12, 2023). Value of approvals for remortgaging lending in the United Kingdom (UK) from January 2010 to November 2022 (in million GBP) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/428617/uk-banking-value-approvals-lending-remortgaging/
Bank of England. "Value of approvals for remortgaging lending in the United Kingdom (UK) from January 2010 to November 2022 (in million GBP) ." Chart. January 12, 2023. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/428617/uk-banking-value-approvals-lending-remortgaging/
Bank of England. (2023). Value of approvals for remortgaging lending in the United Kingdom (UK) from January 2010 to November 2022 (in million GBP) . Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/428617/uk-banking-value-approvals-lending-remortgaging/
Bank of England. "Value of Approvals for Remortgaging Lending in The United Kingdom (Uk) from January 2010 to November 2022 (in Million Gbp) ." Statista, Statista Inc., 12 Jan 2023, https://www.statista.com/statistics/428617/uk-banking-value-approvals-lending-remortgaging/
Bank of England, Value of approvals for remortgaging lending in the United Kingdom (UK) from January 2010 to November 2022 (in million GBP) Statista, https://www.statista.com/statistics/428617/uk-banking-value-approvals-lending-remortgaging/ (last visited November 22, 2024)
Value of approvals for remortgaging lending in the United Kingdom (UK) from January 2010 to November 2022 (in million GBP) [Graph], Bank of England, January 12, 2023. [Online]. Available: https://www.statista.com/statistics/428617/uk-banking-value-approvals-lending-remortgaging/
