Gross mortgage lending and change from previous year in the UK 2007-2024, by quarter

Published by Statista Research Department, Nov 14, 2024

Mortgage lending in the UK declined in 2023, with falling by 33 percent year-on-year in the second quarter of the year. In the second quarter of 2024, the value of new mortgage advances increased annually for the first time since the final quarter of 2024, reaching nearly 60.2 billion British pounds. That indicated an uptick in mortgage demand, possibly due to the much anticipated mortgage interest rate cuts.

Total value of gross mortgage lending and annual percentage change in the United Kingdom (UK) from 1st quarter 2007 to 2nd quarter 2024 (in billion GBP)

Characteristic	Gross lending in billion GBP	Annual percentage change
Q2 2024	60.19	15.45
Q1 2024	51.57	-11.97
Q4 2023	52.94	-35.13
Q3 2023	61.4	-28.56
Q2 2023	52.13	-33.15
Q1 2023	58.59	-23.86
Q4 2022	81.62	16.27
Q3 2022	85.94	17.03
Q2 2022	77.99	-12.49
Q1 2022	76.94	-7.49
Q4 2021	70.2	-8.36
Q3 2021	73.44	17.45
Q2 2021	89.12	101.81
Q1 2021	83.18	26.37
Q4 2020	76.6	4.27
Q3 2020	62.53	-14.7
Q2 2020	44.16	-33.18
Q1 2020	65.82	3.87
Q4 2019	73.47	0.81
Q3 2019	73.3	-0.21
Q2 2019	66.09	-0.96
Q1 2019	63.37	1.49
Q4 2018	72.88	5.67
Q3 2018	73.45	3.87
Q2 2018	66.73	6.62
Q1 2018	62.44	3.31
Q4 2017	68.96	9.86
Q3 2017	70.72	9.73
Q2 2017	62.59	7.84
Q1 2017	60.44	-5.59
Q4 2016	62.77	-0.5
Q3 2016	64.45	3.79
Q2 2016	58.04	10.41
Q1 2016	64.02	40.4
Q4 2015	63.09	22.81
Q3 2015	62.1	11.06
Q2 2015	52.56	2.03
Q1 2015	45.59	-3.19
Q4 2014	51.37	-0.23
Q3 2014	55.91	12.79
Q2 2014	51.52	23.62
Q1 2014	47.1	38.34
Q4 2013	51.49	30.7
Q3 2013	49.57	25.19
Q2 2013	41.67	12.86
Q1 2013	34.04	-6.58
Q4 2012	39.4	-1.77
Q3 2012	39.6	-9.12
Q2 2012	36.93	1.02
Q1 2012	36.44	10.48
Q4 2011	40.11	8.94
Q3 2011	43.57	6.71
Q2 2011	36.55	0.22
Q1 2011	32.98	2.91
Q4 2010	36.81	-10.74
Q3 2010	40.83	1.23
Q2 2010	36.47	7.91
Q1 2010	32.05	-1.65
Q4 2009	41.25	-7.98
Q3 2009	40.33	-33.43
Q2 2009	33.8	-52.81
Q1 2009	32.59	-55.58
Q4 2008	44.82	-48.25
Q3 2008	60.58	-40.59
Q2 2008	71.63	-25.92
Q1 2008	73.37	-15.12
Q4 2007	86.61	-
Q3 2007	101.98	-
Q2 2007	96.69	-
Q1 2007	86.43	-

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Release date

September 2024

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Region

United Kingdom

Survey time period

Q1 2007 to Q2 2024

Supplementary notes

The annual percentage change has been calculated by Statista based on figures by the source. The source added the following information, "Total mortgage gross lending gives the total value of loans secured on dwellings that are newly advanced by institutions in the period. All the figures were sourced from the Bank of England, except the estimate for the most current month."

Figures rounded.
Regulated and non-regulated lending.
Not seasonally adjusted.

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