The outstanding value of all residential mortgage loans decreased by 0.1 % from the previous quarter to £ 1,654.3 billion, and was 0.8 % lower than a year earlier.

The value of gross mortgage advances increased by 18.6 % from the previous quarter to £ 62.2 billion, but remained 27.6 % lower than a year earlier.

The value of new mortgage commitments decreased by 16.5 % from the previous quarter to £ 51.5 billion, and was 41.4 % lower than a year earlier.