Mortgage Lenders and Administrators Statistics - 2020 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 09 March 2021

Key findings

  • The outstanding value of all residential mortgage loans was £1,541.4 billion at the end of 2020 Q4, 2.9% higher than a year earlier (Table A).
  • The value of gross mortgage advances in 2020 Q4 was £76.6 billion, 4.2% higher than in 2019 Q4 (Table A and Chart 1).
  • The value of new mortgage commitments (lending agreed to be advanced in the coming months) was 24.2% higher than a year earlier, at £87.7 billion, and the highest level since 2007 Q3 (Table A and Chart 1).
  • The share of gross advances with interest rates less than 2% above Bank Rate was 64.8% in 2020 Q4, 20.5 percentage points (pp) lower than a year ago (Chart 2).
  • The share of mortgages advanced in 2020 Q4 with loan to value (LTV) ratios exceeding 90% was 1.2%, 4.5pp lower than a year earlier and the lowest level since these statistics began in 2007 (Chart 3).
  • The share for house purchase for owner occupation was 63.9%, up 11.8pp from 2019 Q4. The share of gross advances for remortgages for owner occupation was 18.5%, a decrease of 10.7pp since 2019 Q4 (Chart 5).
  • The value of outstanding balances with some arrears increased by 3.4% over the quarter to £14.3 billion, and now accounts for 0.93% of outstanding mortgage balances (Chart 6).

Mortgages Lenders and Administrators Statistics - 2020 Q4

Queries

If you have any comments or queries about this release please email mlar@bankofengland.co.ukOpens in a new window.

Next release date: 8 June 2021

More information

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.

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