UK High Street Lending
Track UK High Street Lending to gauge housing market demand and mortgage trends. Data discontinued in 2020.
Overview
This serves as a key indicator for housing market demand, as most home purchases rely on mortgages. It effectively measures the number of qualified buyers entering the market. Note that this data source was discontinued in January 2020.
Key Information
What it Measures
This reflects the number of new home purchase mortgages approved by High Street banks from the previous month.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it is considered favorable for the currency.
Source & Frequency
UK Finance (latest release) - https://www.ukfinance.org.uk/ • Data is released monthly, typically around 24 days after the end of the month.
How Data is Derived
N/A
Also Known As
Gross Mortgage Approvals
Acronym
N/A