We collect mortgage lending data via the Mortgage Lending and Administration Return (MLAR) which is submitted to the FCA by firms carrying out mortgage lending and mortgage administration.
Statistics on mortgage lending: Q4 2023 edition
The latest commentary and full statistical tables are available below. The commentary includes technical information on the MLAR as well as analysis of the findings.
- Commentary on the statistics
- MLAR statistics: summary tables (Excel)
- MLAR statistics: detailed tables (Excel)
- Technical notes (PDF)
- How the data is calculated (PDF)
For any technical queries on the tables contact MLAR Statistics.
An explanatory note detailing the relationship between this data and other mortgage statistics published by the Bank of England is available on their website.
Latest findings
- The outstanding value of all residential mortgage loans decreased by 0.1% from the previous quarter to £1,657.6 billion, and was 1.1% lower than a year earlier.
- The value of gross mortgage advances decreased by 13.4% from the previous quarter to £54.0 billion, and was 33.8% lower than a year earlier.
- The value of new mortgage commitments (lending agreed to be advanced in the coming months) decreased by 6.6% from the previous quarter to £46.0 billion, and was 21.2% lower than a year earlier. If the onset of the Covid-19 pandemic is excluded, this was the lowest observed since 2013 Q1.
Key information
Since the beginning of 2007, around 340 regulated mortgage lenders and administrators have been required to submit a Mortgage Lending and Administration Return (MLAR) each quarter, providing data on their mortgage lending activities.
The FCA and the Prudential Regulatory Authority (PRA) both have responsibility for the regulation of mortgage lenders and administrators so this data publication is joint. We publish this data every quarter.
What’s included in the data
The data we publish includes:
- the outstanding value of all residential loans
- total gross advances by loan-to-value, income multiples and purpose of loan
- value of new commitments
- proportion of mortgage loans above Bank Rate
Previous editions
See our previous editions of the statistics on mortgage lending.
Next edition
The next edition will be published here on 11 June 2024. Provisional dates will be confirmed or revised no later than a week before.