The share of mortgages for the purpose of a home purchase in the UK fluctuated between 56 and 78 percent. In the second quarter of 2023, about 62 percent of mortgage lending was for a home purchase and 32 percent was remortgage loans.
Distribution of gross advances on residential mortgage loans in the United Kingdom (UK) from the 1st quarter 2015 to the 2nd quarter 2023, by loan purpose
Characteristic
House purchase
Remortgage
Further advances
Other
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Financial Conduct Authority, & Bank of England. (September 12, 2023). Distribution of gross advances on residential mortgage loans in the United Kingdom (UK) from the 1st quarter 2015 to the 2nd quarter 2023, by loan purpose [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/429451/uk-residential-loans-house-purchase-by-purpose-gross-advance/
Financial Conduct Authority, und Bank of England. "Distribution of gross advances on residential mortgage loans in the United Kingdom (UK) from the 1st quarter 2015 to the 2nd quarter 2023, by loan purpose ." Chart. September 12, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/429451/uk-residential-loans-house-purchase-by-purpose-gross-advance/
Financial Conduct Authority, Bank of England. (2023). Distribution of gross advances on residential mortgage loans in the United Kingdom (UK) from the 1st quarter 2015 to the 2nd quarter 2023, by loan purpose . Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/429451/uk-residential-loans-house-purchase-by-purpose-gross-advance/
Financial Conduct Authority, and Bank of England. "Distribution of Gross Advances on Residential Mortgage Loans in The United Kingdom (Uk) from The 1st Quarter 2015 to The 2nd Quarter 2023, by Loan Purpose ." Statista, Statista Inc., 12 Sep 2023, https://www.statista.com/statistics/429451/uk-residential-loans-house-purchase-by-purpose-gross-advance/
Financial Conduct Authority & Bank of England, Distribution of gross advances on residential mortgage loans in the United Kingdom (UK) from the 1st quarter 2015 to the 2nd quarter 2023, by loan purpose Statista, https://www.statista.com/statistics/429451/uk-residential-loans-house-purchase-by-purpose-gross-advance/ (last visited July 22, 2024)
Distribution of gross advances on residential mortgage loans in the United Kingdom (UK) from the 1st quarter 2015 to the 2nd quarter 2023, by loan purpose [Graph], Financial Conduct Authority, & Bank of England, September 12, 2023. [Online]. Available: https://www.statista.com/statistics/429451/uk-residential-loans-house-purchase-by-purpose-gross-advance/