Gross mortgage lending in the UK 2007-2023

Published by Statista Research Department, Aug 20, 2024

The mortgage market in the UK declined in 2023, with the value of mortgage lending plummeting by nearly 100 billion British pounds from the previous year. That was because of the dramatic increase in mortgage interest, which made borrowing much more expensive. In 2023, gross lending to individuals totaled 225.1 billion British pounds. 

Total value of gross mortgage lending in the United Kingdom (UK) from 2007 to 2023 (in billion GBP)

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Release date

August 2024

Region

United Kingdom

Survey time period

2007 to 2023

Supplementary notes

Not seasonally adjusted. Annual figures calculated by Statista based on figures by the source

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