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.

If you have any comments or queries about this release please email

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