Reference Case Number: FOI11515
Freedom of Information: Right to know request:
We are looking for data that confirms the number of £1m or above mortgages completed in 2022 and 2023 or 2021 and 2022 if 2023 figures are not yet finalised.
Can you please confirm the same figures over the past 10 years?
FCA response:
The number of regulated mortgage sales with a loan value of £1m or more in the last 10 years can be found in the table below:
| Account Open Date | Number of Sales |
|---|---|
| 2014 | 4,032 |
| 2015 | 4,570 |
| 2016 | 5,223 |
| 2017 | 5,819 |
| 2018 | 5,878 |
| 2019 | 5,794 |
| 2020 | 6,321 |
| 2021 | 12,513 |
| 2022 | 15,561 |
| 2023 | 11,142 |
| Grand Total | 76,853 |
Source: FCA Product Sales Data (PSD001)
Please note the above data includes internal product transfers (applies from Q2 2021 onwards), lifetime mortgages, and second charge mortgages.
Finally, we would like to explain that data for 2022 and 2023 differs from original request (FOI11479) due to subsequent resubmissions of revised data by one or more firms.