Since 2004, the median value of a mortgage advance for a home purchase in the UK has more than doubled. In 2023, the average mortgage advance stood at 185,000 British pounds. The increase has been a direct result of the overall rise of house prices in the UK.
Median value of mortgage advances in the United Kingdom (UK) from 1990 to 2023
(in GBP)
The source added the following information "Based on mortgages completed and adjusted for the mix of dwellings sold. The data published in these tables are based on a sub-sample of RMS data. These results will therefore differ from results produced using full sample data. For further information please contact the ONS using the contact details below."
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Office for National Statistics (UK). (August 14, 2024). Median value of mortgage advances in the United Kingdom (UK) from 1990 to 2023 (in GBP) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1029163/median-value-of-mortgage-advances-in-the-uk/
Office for National Statistics (UK). "Median value of mortgage advances in the United Kingdom (UK) from 1990 to 2023 (in GBP)." Chart. August 14, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1029163/median-value-of-mortgage-advances-in-the-uk/
Office for National Statistics (UK). (2024). Median value of mortgage advances in the United Kingdom (UK) from 1990 to 2023 (in GBP). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1029163/median-value-of-mortgage-advances-in-the-uk/
Office for National Statistics (UK). "Median Value of Mortgage Advances in The United Kingdom (Uk) from 1990 to 2023 (in Gbp)." Statista, Statista Inc., 14 Aug 2024, https://www.statista.com/statistics/1029163/median-value-of-mortgage-advances-in-the-uk/
Office for National Statistics (UK), Median value of mortgage advances in the United Kingdom (UK) from 1990 to 2023 (in GBP) Statista, https://www.statista.com/statistics/1029163/median-value-of-mortgage-advances-in-the-uk/ (last visited December 22, 2024)
Median value of mortgage advances in the United Kingdom (UK) from 1990 to 2023 (in GBP) [Graph], Office for National Statistics (UK), August 14, 2024. [Online]. Available: https://www.statista.com/statistics/1029163/median-value-of-mortgage-advances-in-the-uk/
