FCA: Mortgage lending statistics - Q2 2024 - September 2024

The FCA and the Prudential Regulatory Authority (PRA) both have responsibility for the regulation of mortgage lenders and administrators. They jointly publish the mortgage lending statistics every quarter.

Since the beginning of 2007, around 340 regulated mortgage lenders and administrators have been required to submit a Mortgage Lending and Administration Return (MLAR) each quarter, providing data on their mortgage lending activities.

Latest findings

  • The outstanding value of all residential mortgage loans increased by 0.4% from the previous quarter to £1,660.9 billion, and was 0.3% higher than a year earlier.

  • The value of gross mortgage advances increased by 16.7% from the previous quarter to £60.2 billion, the first increase since 2023 Q3, and was 15.5% higher than a year earlier.

  • The value of new mortgage commitments (lending agreed to be advanced in the coming months) increased by 11.3% from the previous quarter to £66.9 billion, and was 12.5% greater than a year earlier.

Data and Resources

Additional Info

Field Value
Last Updated September 11, 2024, 10:08 (UTC)
Created September 10, 2024, 08:57 (UTC)