Gross mortgage lending and change from previous year in the UK 2007-2023, per quarter

Published by Statista Research Department, Feb 22, 2024

The first three quarters of 2023 witnessed a substantial drop in mortgage lending in the United Kingdom. In the third quarter of the year, the value of gross advances, or new lending to borrowers, amounted to about 62.2 billion British pounds, which was a decline of almost 28 percent from the same quarter in 2022. The drop in mortgage borrowing was a result of the cooling of the housing market, as mortgage interest rates hit a 10-year-high.

Total value of gross mortgage lending and annual percentage change in the United Kingdom (UK) from 1st quarter 2007 to 3rd quarter 2023 (in billion GBP)

Characteristic	Annual percentage change	Gross lending in billion GBP
Q3 2023	-27.63	62.19
Q2 2023	-32.78	52.42
Q1 2023	-23.6	58.77
Q4 2022	16.3	81.62
Q3 2022	17	85.94
Q2 2022	-12.5	77.99
Q1 2022	-7.5	76.94
Q4 2021	-8.4	70.2
Q3 2021	17.4	73.44
Q2 2021	101.8	89.12
Q1 2021	26.4	83.18
Q4 2020	4.3	76.6
Q3 2020	-14.7	62.53
Q2 2020	-33.2	44.16
Q1 2020	3.9	65.82
Q4 2019	0.8	73.47
Q3 2019	-0.2	73.3
Q2 2019	-1	66.09
Q1 2019	1.5	63.37
Q4 2018	5.7	72.88
Q3 2018	3.9	73.45
Q2 2018	6.6	66.73
Q1 2018	3.3	62.44
Q4 2017	9.9	68.96
Q3 2017	9.7	70.72
Q2 2017	7.8	62.59
Q1 2017	-5.6	60.44
Q4 2016	-0.5	62.77
Q3 2016	3.8	64.45
Q2 2016	10.4	58.04
Q1 2016	40.4	64.02
Q4 2015	22.8	63.09
Q3 2015	11.1	62.1
Q2 2015	2	52.56
Q1 2015	-3.2	45.59
Q4 2014	-0.2	51.37
Q3 2014	12.8	55.91
Q2 2014	23.6	51.52
Q1 2014	38.4	47.1
Q4 2013	30.7	51.49
Q3 2013	25.2	49.57
Q2 2013	12.8	41.67
Q1 2013	-6.6	34.04
Q4 2012	-1.8	39.4
Q3 2012	-9.1	39.6
Q2 2012	1	36.93
Q1 2012	10.5	36.44
Q4 2011	9	40.11
Q3 2011	6.7	43.57
Q2 2011	0.2	36.55
Q1 2011	2.9	32.98
Q4 2010	-10.8	36.81
Q3 2010	1.2	40.83
Q2 2010	7.9	36.47
Q1 2010	-1.7	32.05
Q4 2009	-8	41.25
Q3 2009	-33.4	40.33
Q2 2009	-52.8	33.8
Q1 2009	-55.6	32.59
Q4 2008	-48.3	44.82
Q3 2008	-40.6	60.58
Q2 2008	-25.9	71.63
Q1 2008	-15.1	73.37
Q4 2007	-	86.61
Q3 2007	-	101.98
Q2 2007	-	96.69
Q1 2007	-	86.43

Loading statistic...

Download

Source

Show detailed source information?

Already a member?

Sources

Use Ask Statista Research Service

Release date

February 2024

More information

Region

United Kingdom

Survey time period

Q1 2007 to Q3 2023

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.

Citation formats