Mortgage Lenders and Administrators Statistics - 2021 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 08 June 2021

Key findings

  • The outstanding value of all residential mortgage loans was £1,561.8 billion at the end of 2021 Q1, 3.6 % higher than a year earlier (Table A).
  • The value of gross mortgage advances in 2021 Q1 was £83.3 billion, 26.5% higher than in 2020 Q1, and the highest level since 2007 Q4. (Table A and Chart 1).
  • The value of new mortgage commitments (lending agreed to be advanced in the coming months) was 15% higher than a year earlier, at £77.5 billion. (Table A and Chart 1).
  • The share of gross advances with interest rates less than 2% above Bank Rate was 59.1% in 2021 Q1, 13.3 percentage points (pp) lower than a year ago (Chart 2).
  • The share of mortgages advanced in 2021 Q1 with loan to value (LTV) ratios exceeding 90% was 1.1%, 4.1pp 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 64.1%, up 17.3pp from 2020 Q1. The share of gross advances for remortgages for owner occupation was 18.0%, a decrease of 14.2pp since 2020 Q1, and the lowest since these statistics began in 2007. (Chart 5).
  • The value of outstanding balances with some arrears increased by 5.1% over the quarter to £15 billion, and now accounts for 0.96% of outstanding mortgage balances (Chart 6).

Mortgage Lenders and Administrators Statistics - 2021 Q1

Queries

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

Next release date: 14 September 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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