Reference Case Number: FOI11425
Freedom of Information: Right to know request:
Please provide aggregated, market-level data on mortgage sales, i.e., average amounts lent and average level of commission paid by lenders, or, alternatively, for the market-level volume of sales in bandings for amounts lent and commission paid.
The text of your request is reproduced in Annex A below.
FCA response:
The following table sets out aggregated UK market level data on lifetime mortgages sold in Q4 2023 - Q1 2024 (the most recent available 6-month period), the average value of loans sold and the average procuration fee (commission) paid.
| Account Open Date | Average value of loan | Average procuration fee paid |
|---|---|---|
| Q4 2023 | £69,454.63 | £2,201.82 |
| Q1 2024 | £69,689.06 | £2,216.75 |
| Q4 2023-Q1 2024 | £69,567.65 | £2,209.02 |
Source: FCA Product Sales Data (PSD001)
Base: all lifetime mortgage sales