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Mortgage Lenders and Administrators statistics Bank of England Sept 2015





  • Key statistics for Q2 2015 are as follows:
  • The overall value of the residential loan amounts outstanding was £1,272 billion in Q2 2015, an increase of 0.8% compared with Q1 2015 and an increase of 1.8% over the past four quarters.
  • Gross advances of £52.5 billion were recorded in Q2 2015. This was 15.1% higher than Q1 2015 and
  • 1.9% higher compared with Q2 2014.
  • New commitments increased – from £47.2 billion in Q1 2015 to £59.3 billion in Q2 2015. Moreover, this was an increase of 11.0% compared with Q2 2014.
  • The proportion of gross advances at fixed rates increased from 77.6% in Q1 2015 to 78.9% in Q2 2015.
  • The overall average interest rate on gross advances decreased by 16bps, from 2.99% in Q1 2015 to 2.83% in Q2 2015. This is the lowest interest rate on gross advances since the series began in 2007.
  • The value of residential loans advanced to first time buyers increased over the quarter to £10.8 billion from £8.9 billion. The Q2 2014 outturn by comparison was £11.4 billion.
  • There was an increase in value terms in buy-to-let lending over the past year - from £7.0 billionadvanced in Q2 2014 to £8.3 billion in Q2 2015.
  • The proportion of gross advances at a loan-to-value (LTV) over 90% increased by 0.2 percentage points over the quarter to 3.5% in Q2 2015.
  • The proportion of gross advances to borrowers with a single income multiple of more than 4.00x increased by 0.2 percentage points to 9.3% in Q2 2015.
  • The proportion of gross advances that is a combination of an LTV over 90% and loan-to-income multiple
  • of over 3.5x for single income borrowers (or 2.75x for joint income borrowers) increased over the quarter
  • by 0.2 percentage points to 2.3%.
  • The number of new arrears cases in Q2 2015 was 20,800. This was 5.5% lower than in Q1 2015 and was the lowest since the series began in 2007.


  • The performance of loans in arrears – payments received as a percentage of payments due – decreased from 62.0% in Q1 2015 to 61.6% in Q2 2015. 
  • New cases taken into possession totalled 2,674 in Q2 2015, a 15.9% reduction from Q1 2015. The stock of possession cases remaining unsold also decreased to 5,265 in Q2 2015, the lowest since the series began in 2007

The overall value of the residential loan amounts outstanding in Q2 2015 was £1,271.7 billion, an increase of 0.8% compared with Q1 2015 and an increase of 1.8% over the past four quarters (see Table A).








Amounts outstanding on regulated loans were £1,004.8 billion, constituting 79% of the total in Q2 2015. Thisproportion has remained constant since Q4 2013. Non-regulated loans increased by £2.2 billion compared with Q12015 and by £3.1 billion compared with Q2 2014, to a level of £266.9 billion in Q2 2015.

The value of securitised amounts outstanding remained almost unchanged on the quarter, falling by £0.1 billion inQ2 2015 to £84.2 billion. 

Unsecuritised amounts outstanding (which exclude securitised assets) continued to increase from Q1 2015 by 0.9% to £1,187.5 billion in Q2 2015. The proportion of total amounts outstanding of securitised balances decreased for the eleventh consecutive quarter to 6.6% of total loans, the lowest level since the series began in 2007.


Table A: Securitised and unsecuritised residential loan balances Regulated and non-regulated mortgages £ billions Not seasonally adjusted



New business flows
Gross advances of £52.5 billion were recorded in Q2 2015. This was 15.1% higher compared with Q1 2015 and1.9% higher than Q2 2014 (see Table B).

Net advances increased from £8.9 billion in Q2 2014 to £9.9 billion in Q2 2015.

New commitments increased from £47.2 billion in Q1 2015 to £59.3 billion in Q2 2015. Moreover, this was an increase of 11.0% compared with Q2 2014

Table B: Unsecuritised residential loans to individuals flows and balances

£ billions Not seasonally adjusted Regulated and non-regulated mortgages



The proportion of gross advances at fixed rates increased from 77.6% in Q1 2015 to 78.9% in Q2 2015 (see TableC).

The proportion of balances outstanding on fixed rate loans has increased by 1.5 percentage points since Q12015 to 44.1%.

The overall average interest rate on gross advances decreased by 16bps in Q2 2015 to 2.83%, the lowest interestrate since the series began in 2007. Within this overall decrease in average rates, fixed rates fell by 20bps to 2.91% and variable rates fell by 8bps to 2.5%.

The overall average interest rate on total amounts outstanding decreased by 5bps to 3.17% in Q2 2015, the lowest since the series began in 2007. Within this overall decrease in average rates, the average of fixed rates fell by 11bps to 3.31% and the average of variable interest rates fell by 2bps to 3.05%.




The proportion of residential lending for house purchase in Q2 2015 was 67.7%, approximately 1.5 percentagevpoints higher than in Q1 2015 (see Table D). Within this the proportion of lending to first-time buyers increased on the quarter by 1.3 percentage points to 20.7%, the buy-to-let (BTL) proportion decreased from 16.8% to 15.8%, thevproportion of other new lending decreased from 4.0% to 3.6% and the proportion for remortgaging decreased from 27.2% to 26.2%.

In value terms gross advances for house purchase were 1.7% lower than in Q2 2014 at £35.5 billion. New lending to first-time buyers was lower than a year ago by £0.6 billion at £10.8 billion, and other new lending was lower by £1.3 billion at £16.4 billion. These decreases were partially offset by higher advances for buy-to-let with £7.0 billion advanced in Q2 2014 compared to £8.3 billion in Q2 2015.Advances for remortgaging were higher than a year ago at £12.4 billion in Q2 2014 compared to £13.7 billion in Q2 2015.




The proportion of new commitments for house purchase increased from 62.6% in Q1 2015 to 65.9% in Q2 2015 (see Table E). The value of new commitments for house purchase increased by 4.8% over the past year, from £37.3 billion in Q2 2014 to £39.1 billion in Q2 2015.

New commitments for re-mortgaging as a proportion of total commitments decreased by 1.7 percentage points over the quarter to 29.8% in Q2 2015. In value terms, however, there was an increase over the past year of 30.1% – from £13.6 billion in Q2 2014 to £17.7 billion in Q2 2015.


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Help to Buy >Equity Loan scheme > Help to Buy NewBuy statistics Data to 30 June 2015 England







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