Regional Mortgage Trends

Trends covering member mortgage lending in regions of the UK.  Data is shown for first-time buyers and homeowners, house purchase and remortgaging, with affordability measures in the residential mortgage markets of London, Scotland, Wales and Northern Ireland.

Latest data - Published on 22/05/19

London

  • There were 9,410 new first-time buyer mortgages completed in London in the first quarter of 2019, 1.6 per cent more than in the same quarter in 2018. Additionally, there were 5,980 new homemover mortgages completed in London in the first quarter of 2019, 3.7 per cent fewer than in the same quarter in 2018.
  • There were 14,170 new homeowner remortgages completed in London in the first quarter of 2019, 1.3 per cent fewer than in the same quarter in 2018. This follows a period of strong growth in remortgaging in London during 2018.

First Time Buyers Affordability - London Q1 2019 (Infographic)

Home Movers Affordability - London Q1 2019 (Infographic)

Remortgagors Affordability - London Q1 2019 (Infographic)

Regional Lending Trends Update - London Q1 2019 (Summary)

Regional Lending Trends Update - London Q1 2019 (Data tables)


Northern Ireland

  • There were 2,440 new first-time buyer mortgages completed in Northern Ireland in the first quarter of 2019, 11.4 per cent more than in the same quarter in 2018. Additionally, there were 1,490 new homemover mortgages completed in Northern Ireland in the first quarter of 2019, 0.7 per cent fewer than in the same quarter in 2018.
  • There were 2,820 new homeowner remortgages completed in Northern Ireland in the first quarter of 2019, 24.8 per cent more than in the same quarter in 2018. This is the highest level of remortgaging in Northern Ireland since Q1 2009, when 3,280 remortgages were completed.

First Time Buyers Affordability - NI Q1 2019 (Infographic)

Home Movers Affordability - NI Q1 2019 (Infographic)

Remortgagors Affordability - NI Q1 2019 (Infographic)

Regional Lending Trends Update - NI Q1 2019 (Summary)

Regional Lending Trends Update - NI Q1 2019 (Data tables)


Scotland

  • There were 6,760 new first-time buyer mortgages completed in Scotland in the first quarter of 2019, 4.5 per cent more than in the same quarter in 2018. Additionally, there were 6,620 new homemover mortgages completed in Scotland in the first quarter of 2019, 6.6 per cent more than in the same quarter in 2018.
  • There were 9,670 new homeowner remortgages completed in Scotland in the first quarter of 2019, 18.8 per cent more than in the same quarter in 2018. This is the highest volume of remortgaging in Scotland in a decade, when 9,850 remortgages were completed in the third quarter of 2009.

First Time Buyers Affordability - Scotland Q1 2019 (Infographic)

Home Movers Affordability - Scotland Q1 2019 (Infographic)

Remortgagors Affordability - Scotland Q1 2019 (Infographic)

Regional Lending Trends Update - Scotland Q1 2019 (Summary)

Regional Lending Trends Update - Scotland Q1 2019 (Data tables)


Wales

  • There were 3,450 new first-time buyer mortgages completed in Wales in the first quarter of 2019, 1.2 per cent more than in the same quarter in 2018. Additionally, there were 3,140 new homemover mortgages completed in Wales in the first quarter of 2019, 1 per cent more than in the same quarter in 2018.
  • There were 4,810 new homeowner remortgages completed in Wales in the first quarter of 2019, 0.2 per cent fewer than in the same quarter in 2018. This follows a period of strong growth in remortgaging in Wales during 2018.

First Time Buyers Affordability - Wales Q1 2019 (Infographic)

Home Movers Affordability - Wales Q1 2019 (Infographic)

Remortgagors Affordability - Wales Q1 2019 (Infographic)

Regional Lending Trends Update - Wales Q1 2019 (Summary)

Regional Lending Trends Update - Wales Q1 2019 (Data tables)