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 - March 2019

  • There were 28,800 new first-time buyer mortgages completed in March 2019, 2.4 per cent fewer than in the same month in 2018. This is the first year-on-year decrease in first-time buyers since September 2018. There were 25,280 homemover mortgages completed in the month, six per cent fewer year-on-year.
  • There were 16,810 new remortgages with additional borrowing in March 2019, 9.1 per cent more than in the same month in 2018. For these remortgages, the average amount taken out in March was £55,700. Additionally, 15,030 were simple pound-for-pound remortgages (with no additional borrowing), 1.1 per cent fewer than in March 2018. In total, there were 4.1 per cent more residential remortgages in March 2019 than in the same month a year earlier. This is the twelfth consecutive month of year-on-year growth in remortgaging, as a number of fixed-rate deals come to an end and borrowers continue to lock into attractive rates.
  • There were 5,000 new buy-to-let home purchase mortgages completed in March 2019, 9.1 per cent fewer than in the same month in 2018. There were 14,400 remortgages in the buy-to-let sector, 3.9 per cent more than in the same period last year. While buy-to-let house purchase activity continues to contract due to tax and regulatory changes, buy-to-let remortgaging has increased year-on year for the second month in a row.

Lending trends downloads - March 2019

UKF Mortgage Trends Update (PDF) - March 2019

UKF Mortgage Trends Update (XLS) - March 2019

Home movers affordability in the UK - March 2019

First time buyer affordability in the UK - March 2019

Remortgagors affordability in the UK - March 2019

LONG RUN DATA - UK FINANCE MEMBERS ONLY