Mortgage Lenders and Administrators Statistics - 2019 Q1

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 June 2019

Key findings

  • The outstanding value of all residential mortgage loans was £1,451 billion in 2019 Q1, 3.4% higher than a year earlier (Table A).
  • The value of gross mortgage advances was £63.3 billion in 2019 Q1, 1.4% higher than a year ago (Table A and Chart 1).
  • The value of new mortgage commitments (lending agreed to be advanced in the coming months) was £63.8 billion, 4.5% higher than a year earlier (Table A and Chart 1).
  • The share of mortgage loans with loan to value (LTV) ratios exceeding 90% increased to 4.5% in 2019 Q1, compared to 3.3% a year earlier. This is its highest since 2017 Q2 (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) was 45.0% in Q1, 0.8 percentage points (pp) higher than a year earlier (Chart 4).
  • The share of lending for buy to let (BTL) purposes (including house purchase, remortgage and further advance) was 14.0% in 2019 Q1, marginally lower than a year earlier (Chart 5).
  • Lending to owner occupiers for house purchase accounted for 46.1% of total gross mortgage advances. Of this, 19.2% was to first-time buyers, which is consistent with a year earlier. The share of lending to home movers decreased marginally in the year to 26.9% (Chart 5).
  • The proportion of total loan balances in arrears has continued to decrease, reaching 0.99%, the lowest since the series began in 2007 Q1 (Chart 6). 

PDFMortgage lenders and administrators statistics - 2019 Q1

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