Mortgage Lenders and Administrators Statistics - 2019 Q4

Key findings

• The outstanding value of all residential mortgages loans was £1,499 billion at end-2019 Q4, 3.8% higher than a year earlier (Table A).
• The value of gross mortgage advances was £73.4 billion, broadly unchanged in comparison to 2018 Q4 (Table A and Chart 1).
• The value of new mortgage commitments (lending agreed to be advanced in the coming months) was 4.0% higher than a year earlier, at £70.6 billion (Table A and Chart 1).
• The share of gross advances with interest rates less than 2% above Bank Rate was 85.3%, a 1.4 percentage point (pp) increase in comparison to a year ago. This is the highest share since 2008 Q3 (Chart 2).
• The share of mortgages advanced in 2019 Q4 with loan to value (LTV) ratios exceeding 90% reached 5.7%, 1.4pp higher than a year earlier (Chart 3).
• The share of gross mortgage lending for buy-to-let purposes (covering house purchase, remortgage and further advance) was 12.4%, consistent with 2018 Q4 (Chart 5).
• The value of outstanding balances with some arrears fell by 2.1% over the quarter to £13.4 billion, and now accounts for 0.89% of outstanding mortgage balances (Chart 6).

Mortgage lenders and administrators statistics - 2019 Q4

Queries

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

Next release date: 9 June 2020

• Further details about mortgage lenders and administrators statistics
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