Average value of mortgages granted in the UK 2016-2024, by quarter
The average value of mortgage loans granted in the UK since 2016 ranged between 156,000 British pounds and 203,000 British pounds. In the third quarter of 2024, the average mortgage loan amounted to nearly 196,390 British pounds - the second-highest figure on record after the third quarter of 2022. The overall increase in the average value of mortgages granted can be explained by the accelerated increase in house prices since the outbreak of the coronavirus (COVID-19) pandemic.