Mortgage borrowers who changed lenders when moving in the UK 2022

Published by Statista Research Department, Nov 27, 2023

The majority of homebuyers in the UK changed their mortgage lender when moving to a different home. Between 2017 and 2022, this share fluctuated from 62 percent to 73 percent. In 2022, 69 percent of borrowers switched to another lender when they moved to a different property. That was an increase from 2020, but below the 2017 figure. 

Share of mortgage borrowers in the United Kingdom (UK) who changed lenders during their home move from 2017 to 2022

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Release date

2023

Region

United Kingdom

Survey time period

December 13, 2016 to June 6, 2022

Number of respondents

48,200 respondents

Special properties

46,076 via the online survey, 1,868 via in-home interviews, and 256 via telephone interviews

Method of interview

Telephone interviews and online survey

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Mortgages in the UKU.S. housing marketMortgage industry in the U.S.Mortgage industry in South KoreaMortgage industry worldwide: developed markets
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