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Monthly value of building societies residential mortgage loans in the United Kingdom (UK) from January 2017 to September 2023 (in million GBP)

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Source

Release date

November 2023

Region

United Kingdom

Survey time period

January 2017 to September 2023

Supplementary notes

"Mortgage lending is made up of loans to individuals and housing associations secured on dwellings up to November 2013. From December 2013 mortgage lending excludes loans to housing associations."

Citation formats

Gross mortgage lending of building societies in the UK 2017-2023, by month

Published by ÌÇÐÄÆƽâ°æ Research Department, Dec 4, 2023

The gross monthly mortgage lending of building societies in the UK between 2017 and 2023 ranged from *** British pounds and British pounds. In September 2023, the value of gross lending stood at nearly *** billion British pounds - a decline of more than *** billion British pounds from the same month in 2022.  The fluctuation in lending can also be seen in the number of mortgage loan approvals.
Building societies, unlike banks, are not listed on the stock market and thus, don't have external shareholders. Instead, the "owners" and decision makers of building societies are mortgage borrowers, savers and current account holders. Building societies offer many traditional banking products and financial services such as mortgage lending, savings and current accounts.

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Mortgages in the UKHousing market in the U.S.Mortgage industry in the U.S.Mortgage industry worldwide: developed marketsResidential real estate in Europe
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