In 2023, only a small percentage of mortgage sales in the UK were sold directly, while the vast majority were sold through an intermediary. From the total 888,000 mortgage products sold that year, intermediary sales made up close to 747,000. Following the aggressive mortgage interest hikes in 2022, intermediary sales have fallen at a slower pace than direct sales.
Total number of direct and intermediary mortgage sales in the United Kingdom (UK) from 2014 to 2023, by sales channel
(in 1,000s)
Product sales data (PSD) is collected by the Financial Conduct Authority (FCA) and includes new sales (including remortgages); transfers, top-ups, alterations (such as mortgage switches with the same lender). It does not include data on transactions made through fund supermarkets and nominee accounts (such as those used in platforms) and, increments and renewals are generally not included according to the source. In the United Kingdom all home finance providers are required to submit the mortgage PSD.
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Statista. (June 27, 2024). Total number of direct and intermediary mortgage sales in the United Kingdom (UK) from 2014 to 2023, by sales channel (in 1,000s) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1077537/total-number-of-mortgage-sales-in-the-united-kingdom-by-sales-channel/
Statista. "Total number of direct and intermediary mortgage sales in the United Kingdom (UK) from 2014 to 2023, by sales channel (in 1,000s)." Chart. June 27, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1077537/total-number-of-mortgage-sales-in-the-united-kingdom-by-sales-channel/
Statista. (2024). Total number of direct and intermediary mortgage sales in the United Kingdom (UK) from 2014 to 2023, by sales channel (in 1,000s). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1077537/total-number-of-mortgage-sales-in-the-united-kingdom-by-sales-channel/
Statista. "Total Number of Direct and Intermediary Mortgage Sales in The United Kingdom (Uk) from 2014 to 2023, by Sales Channel (in 1,000s)." Statista, Statista Inc., 27 Jun 2024, https://www.statista.com/statistics/1077537/total-number-of-mortgage-sales-in-the-united-kingdom-by-sales-channel/
Statista, Total number of direct and intermediary mortgage sales in the United Kingdom (UK) from 2014 to 2023, by sales channel (in 1,000s) Statista, https://www.statista.com/statistics/1077537/total-number-of-mortgage-sales-in-the-united-kingdom-by-sales-channel/ (last visited December 21, 2024)
Total number of direct and intermediary mortgage sales in the United Kingdom (UK) from 2014 to 2023, by sales channel (in 1,000s) [Graph], Statista, June 27, 2024. [Online]. Available: https://www.statista.com/statistics/1077537/total-number-of-mortgage-sales-in-the-united-kingdom-by-sales-channel/
