Mortgages 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 - May 2019

  • There were 30,720 new first-time buyer mortgages completed in May 2019, 0.5 per cent more than in the same month in 2018. There were 29,430 homemover mortgages completed in May 2019, 1.2 per cent less than in the same month a year earlier.
  • There were 21,370 new remortgages with additional borrowing in May 2019, 19.8 per cent more than in the same month in 2018. For these remortgages, the average additional amount borrowed in May was £52,000. Additionally, 19,650 were pound-for-pound remortgages (with no additional borrowing), 19.7 per cent more than in May 2018. This is in line with the initial fixed rate period of mortgages coming to an end which is a prompt for customers to review their mortgage.
  • There were 5,500 new buy-to-let home purchase mortgages completed in May 2019, the same number as this time last year. There were 15,000 remortgages in the buy-to-let sector, 2 per cent more than this time last year.

Lending trends downloads - May 2019

UKF Mortgage Trends Update (PDF) - May 2019

UKF Mortgage Trends Update (XLS) - May 2019

Home movers affordability in the UK - May 2019

First time buyer affordability in the UK - May 2019

Remortgagors affordability in the UK - May 2019

LONG RUN DATA - UK FINANCE MEMBERS ONLY