FCA: Quarterly UK Mortgage Lending Statistics for Q2 2023

£1,655.5 billion was the outstanding value of all residential mortgage loans in the UK at the end of Q2 2023. The Financial Conduct Authority and Prudential Regulation Authority jointly publish these statistics, derived from mandatory quarterly returns submitted by around 340 regulated lenders since 2007. The data for Q2 2023 shows a significant quarterly decrease in gross advances and a rise in new commitments.

Use Cases

• Analyze trends in the UK mortgage market based on quarterly outstanding loan values.
• Model the relationship between new mortgage commitments and future lending activity.
• Assess the impact of economic conditions on gross mortgage advances.
• Benchmark lender performance against aggregate industry statistics.

Strengths

• Data collection is mandatory for approximately 340 regulated entities, suggesting broad coverage.
• Time series begins in 2007, providing over 15 years of quarterly observations.
• Published by two major UK financial regulators, indicating an authoritative source.

Limitations

• Column-level documentation is absent; field semantics must be inferred after download.
• Row count is unknown, which may limit suitability assessment.
• Last update date is unknown; freshness unverified.

Provenance

Source

Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA)

Collection Method

Mandatory quarterly Mortgage Lending and Administration Return (MLAR) submissions from regulated lenders.

Time Range

Q2 2023, with historical data from Q1 2007.

Freshness

Quarterly

Geography

United Kingdom