Median value of mortgage advances in the UK 1990-2023

Published by Statista Research Department, Aug 28, 2024

Since 2004, the median value of a mortgage advance for a home purchase in the UK has more than doubled. In 2023, the average mortgage advance stood at 185,000 British pounds. The increase has been a direct result of the overall rise of house prices in the UK.

Median value of mortgage advances in the United Kingdom (UK) from 1990 to 2023 (in GBP)

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Source

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Release date

August 2024

Region

United Kingdom

Survey time period

1990 to 2023

Supplementary notes

The source added the following information "Based on mortgages completed and adjusted for the mix of dwellings sold. The data published in these tables are based on a sub-sample of RMS data. These results will therefore differ from results produced using full sample data. For further information please contact the ONS using the contact details below."

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