Reference Case Number: FOI12273
Freedom of Information: Right to know request:
1. The number of mortgage terms of 35 years or more approved in 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021 2022, 2023, 2024 and 2025 so far with monthly breakdown, as well as a breakdown by the age of the borrower if this information is available i.e. [number] mortgage terms of 35 years or more approved for [age] year olds in January 2018 etc.
2. A monthly breakdown of the number of mortgages approved in 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021 2022, 2023, 2024 and 2025 so far by the mortgage term length i.e. the no. that are 10 years, the no. that are 25 years etc., as well as a breakdown by the age of the borrower if this information is available.
3. A monthly breakdown of the number of mortgages approved per LTV band in 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021 2022, 2023, 2024 and 2025 so far. Breakdown by the % of LTV i.e. 90% mortgage, 50% mortgage etc., as well as a breakdown by the age of the borrower if this information is available.
FCA response:
Please note that most of the data you have requested (from January 2014 – March 2024) is currently available on our website as a result of a previous FOI request: Information on mortgage data - June 2024 | FCA[1]
Please see the annexes below for the remainder of the data you have requested from April 2024 to the most recent available data (December 2024). The annexes contain the following:
Annex B
Monthly sales of mortgages with terms of 35 years or more broken down by age of the main borrower.
Annex C
Monthly sales of mortgages by term and monthly sales of mortgages by borrower age within term.
Annex D
Monthly sales of mortgages by Loan to Value (LTV) and monthly sales of mortgages by borrower age within LTV band.
In reviewing the annexes below, please note:
- The data is based on the product sales data reporting by FCA regulated firms, in line with their requirements under SUP16.11 of the FCA Handbook.
- The data is provided by month from the start of April 2024 to the end of December 2024, which is the most recent data currently available. Please note that firms are required to submit this product sales data to the FCA on a quarterly basis and within 20 business days of the end of the quarter.
- LTV data is not collected for sales classified as internal product transfers.
- The data may be different to other data published by the FCA on mortgages sales due to subsequent resubmissions by regulated firms.