Lending trends

Trends covering member mortgage lending in the UK. Data is shown for first-time buyers and homeowners, house purchase and remortgaging, with affordability measures in the residential and buy-to-let markets.

Latest Data - December 2018

  • There were 370,000 new first-time buyer mortgages completed in 2018, some 1.9 per cent more than in 2017. This is the highest number of first-time buyer mortgages since 2006, when this figure stood at 402,800. The £62 billion of new lending in the year was 4.9 per cent more than in 2017.
  • There were 30,900 new first-time buyer mortgages completed in December 2018, some 1.6 per cent more than in the same month a year earlier. The £5.2 billion of new lending in the month was 4 per cent more year-on-year.
  • There were 30,000 new homemover mortgages completed in December 2018, some 1.3 per cent fewer than in the same month a year earlier. The £6.5 billion of new lending in the month was the same year-on-year. In 2018, there were 367,800 new homemover mortgages completed, some 1.9 per cent less than in 2017. The £80 billion of new lending in the year was the same as in 2017.
  • There were 34,000 new homeowner remortgages completed in December 2018, some 9.3 per cent more than in the same month a year earlier. The £6.1 billion of remortgaging in the month was 13 per cent more year-on-year. In 2018, there were 476,900 new homeowner remortgages completed, some 10.8 per cent more than in 2017. The £85 billion of new lending in the year was 13 per cent more than in 2017.
  • There were 5,100 new buy-to-let home purchase mortgages completed in December 2018, some 5.6 per cent fewer than in the same month a year earlier. By value this was £0.7 billion of lending in the month, 12.5 per cent down year-on-year. In 2018, there were 66,400 new buy-to-let home purchases completed, some 11.5 per cent less than in 2017. The £9 billion of new lending in the year was 15 per cent less than in 2017.
  • There were 12,400 new buy-to-let remortgages completed in December 2018, some 25.3 per cent more than in the same month a year earlier. By value this was £2.0 billion of lending in the month, 25 per cent more year-on-year. In 2018, there were 169,100 new buy-to-let remortgages completed, some 11.2 per cent more than in 2017. The £27 billion of new lending in the year was 11.6 per cent more than in 2017.

Lending trends downloads - December 2018

UKF Mortgage Trends Update (PDF)

UKF Mortgage Trends Update (XLS)

Home movers affordability in the UK - December 2018

First time buyer affordability in the UK - December 2018

LONG RUN DATA - UK FINANCE MEMBERS ONLY