Mortgage Lenders and Administrators Statistics - 2025 Q3

Key findings

• The outstanding value of all residential mortgage loans increased by 0.9% from the previous quarter to £1,733.7 billion, and was 2.9% higher than a year earlier (Table A).¹
• The value of gross mortgage advances increased by 36.9% from the previous quarter to £80.4 billion, the largest increase in new advances since 2020 Q3, and was 22.7% higher than a year earlier (Table A and Chart 1).
• The value of new mortgage commitments increased by 1.6% from the previous quarter to £79.4 billion, the highest since 2022 Q3, and was 20.3% higher than a year earlier (Table A and Chart 1).
• The share of gross mortgage advances with loan-to-value (LTV) ratios exceeding 90% increased by 0.3 percentage points (pp) from the previous quarter to 7.4%, the highest share since 2008 Q2, and was 0.8pp higher than a year earlier (Chart 3).
• The proportion of lending to borrowers with a high loan-to-income (LTI) ratio increased by 3.3pp from the previous quarter to 44.7%, the largest increase since 2020 Q3, but remained 0.6pp lower than a year earlier (Chart 4).
• The share of gross mortgage advances for house purchase for owner occupation increased by 2.5pp from the previous quarter to 58.6%, but remained 5.8pp lower than a year earlier. (Chart 5).
• The share of gross advances for remortgages for owner occupation decreased by 0.4pp from the previous quarter to 28.6%, but remained 5.8pp higher than a year earlier (Chart 5).
• The value of outstanding mortgage balances with arrears decreased by 2.9% from the previous quarter to £20.6 billion, and was 5.8% lower than a year earlier (Chart 6).
• The proportion of the total mortgage loan balances with arrears, relative to all outstanding mortgage balances, has stayed the same as the previous quarter at 1.2%, and was 0.1pp lower than a year earlier (Chart 6).
• The proportion of total outstanding balances with arrears that are new arrears cases decreased by 0.1pp from the previous quarter to 8.8%, the lowest since 2022 Q1, and was 0.9pp lower than a year earlier.

*This data covers regulated mortgage lending, and non-regulated mortgage lending by firms which undertake regulated mortgage lending or administration of regulated mortgages.

Graphical Analysis:

• The value of gross mortgage advances increased by 36.9% from the previous quarter to £80.4 billion, the largest increase in new advances since 2020 Q3, and was 22.7% higher than a year earlier (Table A and Chart 1).²
• The value of new mortgage commitments (lending agreed to be advanced in the coming months) increased by 1.6% from the previous quarter to £79.4 billion, the highest since 2022 Q3, and was 20.3% higher than a year earlier.³

Footnotes

Note on Chart 4: Gross advances by income multiple: The ‘Other’ category is used when the loan assessment is based, only partly or not at all, on one or more persons’ incomes. Further details can be found in the FCA Handbook.

¹ Table 1.11 sub table A row 9
² Table 1.21 sub table C row 1
³ Table 1.21 sub table C row 3
⁴ Table 1.22 sub table C row 3 (less than 2% above)
⁵ Table 1.22 sub table C row 4 (2.00% to 2.99% above)
⁶ Table 1.22 sub table C row 5 + row 6 (3% or more above)
⁷ Table 1.31 sub table C row 19 + row 20
⁸ Table 1.31 sub table C row 20
⁹ Calculated as 100% of all mortgages less those <= 75% LTV (Table 1.31 sub table C row 21 - row 17)
¹⁰ Table 1.31 sub table C row 5 + row 13
¹¹ Table 1.31 sub table C row 5
¹² Table 1.31 sub table C row 13
¹³ Table 1.33 sub table C row 4 (buy-to-let)
¹⁴ Calculated as 100% of all mortgages less those for buy-to-let purposes (100% - Table 1.33 sub table C row 4) (owner-occupation)
¹⁵ Table 1.33 sub table C row 6 (remortgage)
¹⁶ Table 1.33 sub table C row 2 + row 3 (house purchase owner occupation)
¹⁷ Table 1.33 sub table C row 5 + row 9 (further advance and other)
¹⁸ Table 1.33 sub table C row 2 (first-time buyers)
¹⁹ Table 1.33 sub table C row 3 (home movers)
²⁰ Table 1.7 sub table C row 10
²¹ Table 1.7 sub table B row 10
²² Table 1.7 sub table C row 11
²³ Table 1.7 sub table C row 4