Number of mortgage approvals in the UK 2017-2023, per month
As a result of the coronavirus (COVID-19) pandemic, the number of residential mortgage approvals in the UK plummeted in 2020. With the easing of the measures, the market quickly headed for recovery and reached nearly 136,000 mortgage approvals in August 2022, before falling again in the fourth quarter of 2022. In October 2023, there were about 77,000 mortgage approvals for home purchase or remortgaging.