Mortgage Lenders and Administrators Statistics - 2018 Q3

The Mortgage Lenders and Administrators Return (MLAR) is a quarterly statistical release aggregated from data on mortgage lending activities provided by around 340 regulated mortgage lenders and administrators.
Published on 11 December 2018
  • The outstanding value of all residential mortgage loans continued to increase in 2018 Q3 to £1,430 billion, 3.2% higher than a year ago (2017 Q3) (Table A)
  • The value of gross mortgage advances grew 3.7% in the year to 2018 Q3, to £73.5 billion. This was the highest level since 2007 Q4 (Table A and Chart 1)
  • New mortgage commitments (new lending that lenders have agreed to advance in coming months) were 4.7% higher than a year ago (Table A and Chart 1)
  • The share of new lending for buy-to-let (BtL) purposes declined to 12% in Q3, its lowest since 2012 Q4 (Chart 5)
  • The share of new lending to first-time buyers remained steady at 21% (Chart 5)
  • Remortgaging, as a proportion of new lending, is 2 percentage points higher than a year ago. However, it decreased marginally on the quarter to 30% (Chart 5)
  • The proportion of high loan-to-income (LTI) lending (loans above four times the value of annual income for a single buyer or above three times the annual income for joint buyers) has increased 1.7 percentage points this quarter to 47% (Chart 4). The share of loans with a loan-to-value (LTV) ratio exceeding 90% also increased, to 4.3% (Chart 3)
  • The value of outstanding mortgage balances with some arrears increased for the first time since 2016 Q2 to £14.5 billion, compared to £14.3 billion in 2018 Q2. These balances still account for only 1% of the total (Chart 6)

PDFMortgage lenders and administrators statistics release - 2018 Q3


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