After the financial crash in 2007/08 has the UK housing market recovered? We explore all the latest statistics to see if the market has bounced back or not and which mortgage lenders are currently offering the best deals.
What is the size of the mortgage market?
The outstanding value of all residential mortgage loans was £1,451 billion in 2019 Q1, 3.4% higher than a year earlier
The value of mortgage advances (gross) in Q1 2019 was £63.3 billion, 1.4% higher than a year ago
Over £245 billion was borrowed in 2016 for mortgages alone.
The value of new mortgages was £63.8 billion (Q1 2019), 4.5% higher than a year ago
The proportion of mortgages in arrears fell to its lowest amount since 2007, at 0.99%
There are 10.94 million outstanding mortgages in the UK (May 2019)
Matthew Boyle is a mortgages and home services publisher at Finder. He has a 7-year history of publishing helpful guides to assist consumers in making better decisions. In his spare time, you will find him walking in the Norfolk countryside admiring the local wildlife.
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