Mortgage Lenders and Administrators Statistics - 2019 Q2

Key findings

• The outstanding value of all residential mortgage loans was £1,461 billion in 2019 Q2, 3.1% higher than a year earlier (Table A).
• The value of gross mortgage advances was £66.1 billion in 2019 Q2, 1.0% lower 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 broadly unchanged compared to a year earlier, at £73.4 billion (Table A and Chart 1).
• The share of mortgages advanced in Q2 with loan to value (LTV) ratios exceeding 90% was 5.5%, the highest since 2008 Q4 (Chart 3).
• The proportion of lending at high loan to income (LTI) ratios (loans greater than four times the value of annual income for a single borrower or greater than three times annual income for joint borrowers) was 46.1% in 2019 Q2, 0.7 percentage points (pp) higher than a year earlier (Chart 4).
• The share of gross mortgage lending for buy-to-let purposes (covering house purchase, remortgage and further advance) was 13.1%, in line with a year earlier (Chart 5).
• Lending to owner-occupiers for house purchase accounted for 50.5% of total gross mortgage advances in Q2. Of this, 21.3% was to first-time buyers, which is consistent with a year earlier. The share of lending to home movers increased marginally in the year to 29.2% (Chart 5).

Mortgage lenders and administrators statistics - 2019 Q2

• Further details about mortgage lenders and administrators statistics
• Further details on MLAR available from the FCA
• MLAR form

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