Monthly development of the value of house purchase loan approvals in the UK 2010-2024

Published by Statista Research Department, Nov 6, 2024

The value of approvals issued for house purchase lending in the UK plummeted at the beginning of the COVID-19 pandemic, reaching a record-low of 1.9 billion British pounds in May 2020. In the second half of the year, the release of pent-up demand led to the value of approvals spiking at close to 22 billion British pounds in December 2020. With mortgage rates increasing in response to stubborn inflation, the value of mortgage approvals saw a substantial decrease in 2022 and an uptick in 2023. Remortgage approvals followed a similar trend.

Value of approvals for house purchase lending in the United Kingdom (UK) from January 2010 to September 2024 (in million GBP)

Characteristic	Value of approvals in million GBP
Sep 2024	15,681
Aug 2024	15,419
Jul 2024	14,454
Jun 2024	13,742
May 2024	13,868
Apr 2024	14,059
Mar 2024	14,201
Feb 2024	13,959
Jan 2024	12,975
Dec 2023	11,899
Nov 2023	11,030
Oct 2023	10,660
Sep 2023	9,551
Aug 2023	9,544
Jul 2023	10,903
Jun 2023	11,986
May 2023	11,204
Apr 2023	10,903
Mar 2023	11,178
Feb 2023	9,324
Jan 2023	8,373
Dec 2022	8,899
Nov 2022	10,017
Oct 2022	13,355
Sep 2022	15,390
Aug 2022	16,920
Jul 2022	15,085
Jun 2022	14,605
May 2022	15,634
Apr 2022	15,758
Mar 2022	16,052
Feb 2022	16,156
Jan 2022	17,368
Dec 2021	16,959
Nov 2021	15,855
Oct 2021	15,566
Sep 2021	15,664
Aug 2021	15,181
Jul 2021	15,535
Jun 2021	16,559
May 2021	18,630
Apr 2021	18,722
Mar 2021	16,528
Feb 2021	18,053
Jan 2021	21,928
Dec 2020	22,931
Nov 2020	23,257
Oct 2020	22,220
Sep 2020	20,431
Aug 2020	18,137
Jul 2020	14,120
Jun 2020	8,224
May 2020	1,887
Apr 2020	3,160
Mar 2020	11,199
Feb 2020	14,680
Jan 2020	14,298
Dec 2019	13,763
Nov 2019	13,410
Oct 2019	13,026
Sep 2019	12,991
Aug 2019	13,024
Jul 2019	13,148
Jun 2019	12,842
May 2019	12,680
Apr 2019	12,394
Mar 2019	11,760
Feb 2019	12,140
Jan 2019	12,238
Dec 2018	12,087
Nov 2018	12,262
Oct 2018	12,759
Sep 2018	12,410
Aug 2018	12,463
Jul 2018	12,141
Jun 2018	12,290
May 2018	12,042
Apr 2018	11,681
Mar 2018	11,482
Feb 2018	11,669
Jan 2018	11,985
Dec 2017	11,845
Nov 2017	12,080
Oct 2017	11,980
Sep 2017	12,133
Aug 2017	12,121
Jul 2017	12,359
Jun 2017	11,922
May 2017	11,862
Apr 2017	12,213
Mar 2017	12,280
Feb 2017	12,410
Jan 2017	11,930
Dec 2016	12,382
Nov 2016	12,164
Oct 2016	12,202
Sep 2016	11,373
Aug 2016	10,461
Jul 2016	10,781
Jun 2016	11,465
May 2016	11,887
Apr 2016	12,127
Mar 2016	12,700
Feb 2016	12,739
Jan 2016	12,916
Dec 2015	12,515
Nov 2015	12,270
Oct 2015	12,443
Sep 2015	12,495
Aug 2015	12,416
Jul 2015	12,171
Jun 2015	11,575
May 2015	11,110
Apr 2015	11,494
Mar 2015	10,419
Feb 2015	10,232
Jan 2015	10,001
Dec 2014	9,902
Nov 2014	9,836
Oct 2014	9,990
Sep 2014	10,095
Aug 2014	10,655
Jul 2014	10,947
Jun 2014	10,879
May 2014	10,180
Apr 2014	10,605
Mar 2014	10,960
Feb 2014	11,102
Jan 2014	11,620
Dec 2013	12,249
Nov 2013	11,193
Oct 2013	10,631
Sep 2013	10,169
Aug 2013	9,611
Jul 2013	9,181
Jun 2013	8,998
May 2013	8,953
Apr 2013	8,436
Mar 2013	8,088
Feb 2013	7,754
Jan 2013	7,618
Dec 2012	8,036
Nov 2012	7,807
Oct 2012	7,618
Sep 2012	7,502
Aug 2012	7,253
Jul 2012	7,003
Jun 2012	7,199
May 2012	7,440
Apr 2012	7,659
Mar 2012	7,584
Feb 2012	7,389
Jan 2012	8,193
Dec 2011	7,376
Nov 2011	7,388
Oct 2011	7,244
Sep 2011	7,209
Aug 2011	7,329
Jul 2011	7,200
Jun 2011	6,844
May 2011	6,418
Apr 2011	6,407
Mar 2011	6,677
Feb 2011	6,293
Jan 2011	5,904
Dec 2010	5,926
Nov 2010	6,420
Oct 2010	6,619
Sep 2010	6,503
Aug 2010	6,578
Jul 2010	6,952
Jun 2010	7,031
May 2010	7,075
Apr 2010	7,071
Mar 2010	6,801
Feb 2010	6,363
Jan 2010	6,678