Mortgage stats show rises all round

The latest statistics on mortgage lending for Q4 2024 from the MLAR submitted to the FCA show:

• the highest stock of outstanding mortgage loans since reporting began in 2007 (£1,678.2 bn);
• a 4.9% increase in the value of gross mortgage advances from the previous quarter – nearly 30% higher than the same time the previous year, and totalling £68.8 bn; and
• a similar quarterly increase in value of new mortgage commitments – but this was up 50% on last year and totalling £69.3 bn