The vast majority of mortgage sales in the UK between 2014 and 2023 were advised. In 2023, the total mortgage sales amounted to 888,000, with borrowers having received a personal recommendation based on their needs and circumstances in almost 867,000 of these sales. Additionally, the vast majority of mortgage sales occurred through intermediaries.
Total number of advised and non-advised mortgage sales in the United Kingdom (UK) from 2014 to 2023
(in 1,000s)
Data collected from multiple reports from the same source.
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 advised and non-advised mortgage sales in the United Kingdom (UK) from 2014 to 2023 (in 1,000s) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1077545/total-number-of-mortgage-sales-in-the-united-kingdom-by-advice-given/
Statista. "Total number of advised and non-advised mortgage sales in the United Kingdom (UK) from 2014 to 2023 (in 1,000s)." Chart. June 27, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1077545/total-number-of-mortgage-sales-in-the-united-kingdom-by-advice-given/
Statista. (2024). Total number of advised and non-advised mortgage sales in the United Kingdom (UK) from 2014 to 2023 (in 1,000s). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1077545/total-number-of-mortgage-sales-in-the-united-kingdom-by-advice-given/
Statista. "Total Number of Advised and Non-advised Mortgage Sales in The United Kingdom (Uk) from 2014 to 2023 (in 1,000s)." Statista, Statista Inc., 27 Jun 2024, https://www.statista.com/statistics/1077545/total-number-of-mortgage-sales-in-the-united-kingdom-by-advice-given/
Statista, Total number of advised and non-advised mortgage sales in the United Kingdom (UK) from 2014 to 2023 (in 1,000s) Statista, https://www.statista.com/statistics/1077545/total-number-of-mortgage-sales-in-the-united-kingdom-by-advice-given/ (last visited November 21, 2024)
Total number of advised and non-advised mortgage sales in the United Kingdom (UK) from 2014 to 2023 (in 1,000s) [Graph], Statista, June 27, 2024. [Online]. Available: https://www.statista.com/statistics/1077545/total-number-of-mortgage-sales-in-the-united-kingdom-by-advice-given/
