Average UK Mortgage Debt

• The outstanding value of all residential mortgage loans was £1,451 billion in 2019 Q1, 3.4% higher than a year earlier
• The value of mortgage advances (gross) in Q1 2019 was £63.3 billion, 1.4% higher than a year ago
• About £250 billion in mortgages is expected to be issued in 2019
• The value of new mortgages was £63.8 billion (Q1 2019), 4.5% higher than a year ago
• The proportion of mortgages in arrears fell to its lowest amount since 2007, at 0.99%
• There are 10.94 million outstanding mortgages in the UK (May 2019)
• There are 10.94 million mortgages in the UK.
• Based off of this, the average mortgage debt amounts to £132,633 (per household with a mortgage)
• There were 370,000 first time buyer mortgages completed in 2018

About 14% of all property sold each year go to buy-to-let landlords

Source: UK Mortgage Statistics

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