Mortgage lending statistics - September 2020

We collect mortgage lending data via the Mortgage Lending and Administration Return (MLAR) which is submitted to the FCA by firms carrying out mortgage lending and mortgage administration.

Statistics on mortgage lending: September 2020 edition

The latest commentary and full statistical tables are available below. The commentary includes technical information on the MLAR as well as analysis of the findings.

For any technical queries on the tables contact MLAR Statistics.

An explanatory note detailing the relationship between these data and other mortgage statistics published by the Bank of England is available on their website.

Latest findings

  • The outstanding value of all residential mortgages loans was £1,513.3 billion at the end of 2020 Q2, 3.2% higher than a year earlier.
  • The value of gross mortgage advances in 2020 Q2 was £44.1 billion, 33.3% lower than in 2019 Q2.
  • The value of new mortgage commitments (lending agreed to be advanced in the coming months) was 53.2% lower than a year earlier, at £34.3 billion.

Key information

Since the beginning of 2007, around 340 regulated mortgage lenders and administrators have been required to submit a Mortgage Lending and Administration Return (MLAR) each quarter, providing data on their mortgage lending activities.

The FCA and the Prudential Regulatory Authority (PRA) both have responsibility for the regulation of mortgage lenders and administrators so this data publication is joint. We publish these data every quarter.  

What’s included in the data

The data we publish include:

  • The outstanding value of all residential loans
  • Total gross advances by loan-to-value, income multiples and purpose of loan
  • Value of new commitments
  • Proportion of mortgage loans above Bank Rate

Understanding the data

We are aware of an issue regarding the increase in administered arrears from Q3 2016 and we are investigating, along with the Bank of England, the cause and possible solutions.

We found there was an issue in our firm reporting data for administered arrears where the category of ‘other’ administered loans, which should not have been reported to us, was being included. This inflated the arrears figures published. We have since requested a resubmission of reports and as a result we are expecting to restate the arrears figures in the forthcoming publications.

Previous editions

See our previous editions of the statistics on mortgage lending.

Next edition

The next edition will be published here on 8 December 2020. Provisional dates will be confirmed or revised no later than a week before.