The monthly value of approvals issued for remortgaging loans to individuals in the United Kingdom (UK) increased between 2010 and the first two months of 2020, before falling dramatically in March 2020 due to the outbreak of the coronavirus (COVID-19) pandemic. Between May 2020 and April 2021, remortgaging activity fluctuated, but in the second and third quarter of 2021, it headed for recovery, and in October 2022 stood at 10.4 billion British pounds. House purchase approvals followed a similar trend.
Value of approvals for remortgaging lending in the United Kingdom (UK) from January 2010 to November 2022
(in million GBP)
Characteristic
Value of approvals in million GBP
Oct '22
10,443
Sep '22
10,064
Aug '22
10,377
Jul '22
10,062
Jun '22
9,093
May '22
9,728
Apr '22
9,822
Mar '22
10,273
Feb '22
10,372
Jan '22
10,097
Dec '21
10,001
Nov '21
10,260
Oct '21
8,454
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Bank of England. (January 12, 2023). Value of approvals for remortgaging lending in the United Kingdom (UK) from January 2010 to November 2022 (in million GBP) [Graph]. In Statista. Retrieved February 12, 2025, from https://www.statista.com/statistics/428617/uk-banking-value-approvals-lending-remortgaging/
Bank of England. "Value of approvals for remortgaging lending in the United Kingdom (UK) from January 2010 to November 2022 (in million GBP) ." Chart. January 12, 2023. Statista. Accessed February 12, 2025. https://www.statista.com/statistics/428617/uk-banking-value-approvals-lending-remortgaging/
Bank of England. (2023). Value of approvals for remortgaging lending in the United Kingdom (UK) from January 2010 to November 2022 (in million GBP) . Statista. Statista Inc.. Accessed: February 12, 2025. https://www.statista.com/statistics/428617/uk-banking-value-approvals-lending-remortgaging/
Bank of England. "Value of Approvals for Remortgaging Lending in The United Kingdom (Uk) from January 2010 to November 2022 (in Million Gbp) ." Statista, Statista Inc., 12 Jan 2023, https://www.statista.com/statistics/428617/uk-banking-value-approvals-lending-remortgaging/
Bank of England, Value of approvals for remortgaging lending in the United Kingdom (UK) from January 2010 to November 2022 (in million GBP) Statista, https://www.statista.com/statistics/428617/uk-banking-value-approvals-lending-remortgaging/ (last visited February 12, 2025)
Value of approvals for remortgaging lending in the United Kingdom (UK) from January 2010 to November 2022 (in million GBP) [Graph], Bank of England, January 12, 2023. [Online]. Available: https://www.statista.com/statistics/428617/uk-banking-value-approvals-lending-remortgaging/
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