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 20/08/19

London

  • There were 9,960 new first-time buyer mortgages completed in London in the second quarter of 2019, 1.2 per cent more than in the same quarter in 2018. Additionally, there were 6,240 new homemover mortgages completed in London in the second quarter of 2019, 3 per cent fewer than in the same quarter in 2018.
  • There were 13,030 new homeowner remortgages completed in London in the second quarter of 2019, 9.5 per cent fewer than in the same quarter in 2018. This follows a period of strong annual growth in remortgaging in the capital during 2018.

First Time Buyers Affordability - London Q2 2019 (Infographic)

Home Movers Affordability - London Q2 2019 (Infographic)

Remortgagors Affordability - London Q2 2019 (Infographic)

Regional Lending Trends Update - London Q2 2019 (Summary)

Regional Lending Trends Update - London Q2 2019 (Data tables)


Northern Ireland

  • There were 2,810 new first-time buyer mortgages completed in Northern Ireland in the second quarter of 2019, 4.1 per cent more than in the same quarter in 2018. Additionally, there were 1,780 new homemover mortgages completed in Northern Ireland in the second quarter of 2019, 4.7 per cent more than in the same quarter in 2018.
  • There were 2,750 new homeowner remortgages completed in Northern Ireland in the second quarter of 2019, 16.5 per cent more than in the same quarter in 2018.

First Time Buyers Affordability - NI Q2 2019 (Infographic)

Home Movers Affordability - NI Q2 2019 (Infographic)

Remortgagors Affordability - NI Q2 2019 (Infographic)

Regional Lending Trends Update - NI Q2 2019 (Summary)

Regional Lending Trends Update - NI Q2 2019 (Data tables)


Scotland

  • There were 9,160 new first-time buyer mortgages completed in Scotland in the second quarter of 2019, 3.5 per cent more than in the same quarter in 2018. This is the highest volume of first-time buyers since the second quarter of 2017, when there were also 9,160. Additionally, there were 9,290 new homemover mortgages completed in Scotland in the second quarter of 2019, 6.4 per cent more than in the same quarter in 2018.
  • There were 8,870 new homeowner remortgages completed in Scotland in the second quarter of 2019, 15.3 per cent more than in the same quarter in 2018.

First Time Buyers Affordability - Scotland Q2 2019 (Infographic)

Home Movers Affordability - Scotland Q2 2019 (Infographic)

Remortgagors Affordability - Scotland Q2 2019 (Infographic)

Regional Lending Trends Update - Scotland Q2 2019 (Summary)

Regional Lending Trends Update - Scotland Q2 2019 (Data tables)


Wales

  • There were 4,080 new first-time buyer mortgages completed in Wales in the second quarter of 2019, 6.3 per cent more than in the same quarter in 2018. Additionally, there were 3,650 new homemover mortgages completed in Wales in the second quarter of 2019, 1.7 per cent more than in the same quarter in 2018.
  • There were 4,870 new homeowner remortgages completed in Wales in the second quarter of 2019, 7.7 per cent more than in the same quarter in 2018.

First Time Buyers Affordability - Wales Q2 2019 (Infographic)

Home Movers Affordability - Wales Q2 2019 (Infographic)

Remortgagors Affordability - Wales Q2 2019 (Infographic)

Regional Lending Trends Update - Wales Q2 2019 (Summary)

Regional Lending Trends Update - Wales Q2 2019 (Data tables)