Since 2004, the median value of a mortgage advance for a home purchase in the UK has more than doubled. In 2022, the average mortgage advance stood at 194,000 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 2022
(in GBP)
Characteristic
In British pounds
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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). (July 19, 2023). Median value of mortgage advances in the United Kingdom (UK) from 1990 to 2022 (in GBP) [Graph]. In Statista. Retrieved July 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 2022 (in GBP)." Chart. July 19, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1029163/median-value-of-mortgage-advances-in-the-uk/
Office for National Statistics (UK). (2023). Median value of mortgage advances in the United Kingdom (UK) from 1990 to 2022 (in GBP). Statista. Statista Inc.. Accessed: July 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 2022 (in Gbp)." Statista, Statista Inc., 19 Jul 2023, 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 2022 (in GBP) Statista, https://www.statista.com/statistics/1029163/median-value-of-mortgage-advances-in-the-uk/ (last visited July 22, 2024)
Median value of mortgage advances in the United Kingdom (UK) from 1990 to 2022 (in GBP) [Graph], Office for National Statistics (UK), July 19, 2023. [Online]. Available: https://www.statista.com/statistics/1029163/median-value-of-mortgage-advances-in-the-uk/
