Mortgage Lenders and Administrators Statistics - 2018 Q4

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 12 March 2019
  • The outstanding value of all residential mortgage loans was £1,442 billion in 2018 Q4, 3.3% higher than a year earlier (Table A). 
  • The value of gross mortgage advances grew 5.5% in the year to 2018 Q4, to £72.9 billion (Table A and Chart 1).
  • The value of new mortgage commitments (lending agreed to be advanced in the coming months) was £68.0 billion, 4.6% higher than a year earlier (Table A and Chart 1).
  • The share of lending for remortgage was 1.4 percentage points higher than a year earlier, at 31.1% (Chart 5). The share for house purchase was 1.0 percentage points lower, at 63.5%. 
  • As a component of lending for house purchase, the percentage of lending to home movers fell 0.9 percentage points in the year to Q4, to 29.7% of gross advances. The other two components were broadly unchanged in the year with 21.2% of lending to first-time buyers and 12.5% for buy-to-let purchases (Chart 5).
  • 4.4% of mortgages advanced in Q4 had loan to value (LTV) ratios exceeding 90%, compared to 3.8% a year earlier (Chart 3).
  • The proportion of high loan to income (LTI) lending (loans greater than four times the value of annual income for a single buyer or greater than three times the annual income for joint buyers) remained at 46.9% in Q4, its highest value since the series began in 2007 Q1 (Chart 4).
  • The value of outstanding balances with some arrears fell slightly in the quarter to £14.4 billion. As a proportion of total balances it has remained at 1.0% (Chart 6).

PDFMortgage lenders and administrators statistics release 2018 Q4

Long run versions of the summary and detailed tables are now available in Excel format, for data going back to Q1 2007. These have been sourced from data published by the FSA on their archive pages prior to Q1 2013 and data published by the Bank of England from Q1 2013.

MLAR Survey

The Financial Conduct Authority are carrying out a survey where you can tell us what you think of the MLAR publication:

Take part in the MLAR survey

Please note:

We are aware of an issue regarding the increase in administered arrears from Q3 2016 and we are investigating, along with the FCA, the cause and possible solutions. We found there was an issue in our firm reporting data for administered arrears where the category of ‘other’ administered loans, which should not have been reported to us, was being included. This inflated the arrears figures published. We have since requested a resubmission of reports and as a result we are expecting to restate the arrears figures in the forthcoming publications.

Further details about mortgage lenders and administrators statistics

Further details on MLAR available from the FCA

PDF MLAR form

If you have any comments or queries about this release please email mlar@bankofengland.co.uk.

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