Search UK Finance

You can use the search function to find a range of UK Finance material, from consultation responses to thought leadership to blogs, or to find content on a range of topics from Brexit to commercial finance.

Download agreement

By downloading this document, you understand and agree that any sharing, distribution or republishing of the content, without prior written authorisation from the author or content managers at UK Finance, shall be constituted as a breach of the UK Finance website terms of use.

Accept and continue Click through arrow

Regional Lending 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

London

  • There were 11,700 new first-time buyer mortgages completed in London in the third quarter of 2018, some 2.6 per cent more than in the same quarter of 2017. The £3.55bn of new lending was 6 per cent more year-on-year. The average first-time buyer in the capital is 32 and has a gross household income of £70,000.
  • There were 8,100 new homemover mortgages completed in London in the third quarter of 2018, some 4.7 per cent fewer than in the same quarter of 2017. The £3.49bn of new lending in the quarter was 0.3 per cent more year-on-year. The average homemover in the capital is 37 and has a gross household income of £95,000.
  • There were 15,200 new homeowner remortgages in London completed in the third quarter, some 3.4 per cent more than in the same quarter a year earlier. The £4.76bn of remortgaging in the third quarter was 4.6 per cent more year-on-year.

First Time Buyers Affordability - London Q3 2018 (Infographic)

Home Movers Affordability - London Q3 2018 (Infographic)

Regional Lending Trends Update - London Q3 2018 (Summary)

Regional Lending Trends Update - London Q3 2018 (Data tables)

Northern Ireland

  • There were 2,700 new first-time buyer mortgages completed in Northern Ireland in the third quarter of 2018, some 3.8 per cent more than in the same quarter of 2017. The £0.28bn of new lending was 7.7 per cent more year-on-year. The average Northern Ireland first-time buyer is 30 and has a gross household income of £33,000.
  • There were 1,800 new homemover mortgages completed in Northern Ireland in the third quarter of 2018, some 5.9 per cent more than in the same quarter of 2017. The £0.24bn of new lending in the quarter was 4.3 per cent more year-on-year. The average Northern Ireland homemover is 39 and has a gross household income of £48,000.
  • There were 2,200 new homeowner remortgages in Northern Ireland completed in the third quarter, some 4.8 per cent more than in the same quarter a year earlier. The £0.24bn of remortgaging in the third quarter was 9.1 per cent more year-on-year.

First Time Buyers Affordability - Q3 2018 (Infographic)

Home Movers Affordability - Q3 2018 (Infographic)

Regional Lending Trends Update - Q3 2018 (Summary)

Regional Lending Trends Update - Q3 2018 (Data tables)

Scotland

  • There were 9,200 new Scottish homeowner remortgages completed in the third quarter, some 13.6 per cent more than in the same quarter a year earlier. The £1.18bn of remortgaging in the third quarter was 18 per cent more year-on-year.
  • There were 8,900 new first-time buyer mortgages completed in Scotland in the third quarter of 2018, some 5.3 per cent fewer than in the same quarter of 2017. The £1.04bn of new lending was 1 per cent down year-on-year. The average Scottish first-time buyer is 29 and has a gross household income of £35,000.
  • There were 9,500 new homemover mortgages completed in Scotland in the third quarter of 2018, some 1 per cent fewer than in the same quarter of 2017. The £1.53bn of new lending in the quarter was the same year-on-year. The average Scottish homemover is 39 and has a gross household income of £51,000.

First Time Buyers Affordability - Q3 2018 (Infographic)

Home Movers Affordability - Q3 2018 (Infographic)

Regional Lending Trends Update - Q3 2018 (Summary)

Regional Lending Trends Update - Q3 2018 (Data tables)

Wales

  • There were 4,300 new first-time buyer mortgages completed in Wales in the third quarter of 2018, some 2.3 per cent fewer than in the same quarter of 2017. The £0.52bn of new lending was the same year-on-year. The average Welsh first-time buyer is 29 and has a gross household income of £35,000.
  • There were 4,300 new homemover mortgages completed in Wales in the third quarter of 2018, some the same as in the same quarter of 2017. The £0.68bn of new lending in the quarter was 3 per cent more year-on-year. The average Welsh homemover is 39 and has a gross household income of £48,000.
  • There were 4,900 new Welsh homeowner remortgages completed in the third quarter, some 2.1 per cent more than in the same quarter a year earlier. The £0.61bn of remortgaging in the third quarter was 8.9 per cent more year-on-year.

First Time Buyers Affordability - Q3 2018 (Infographic)

Home Movers Affordability - Q3 2018 (Infographic)

Regional Lending Trends Update - Q3 2018 (Summary)

Regional Lending Trends Update - Q3 2018 (Data tables)