Out of 20
Latest monthly reading
Latest completed reading
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Lending over time
This chart tracks how lending conditions have moved inside the wider Mortgage Market Health Index.
House purchase approvals over time
This shows the underlying Bank of England approvals series feeding the lending pillar.
How lending is measured
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The Version 1 lending pillar is driven by Bank of England house purchase approvals, which act as a live read on whether mortgage lending conditions are supportive or weak.
How the lending score is banded
- 10 out of 10 raw: approvals of 70,000 or more — strong lending conditions.
- 8 out of 10 raw: approvals between 60,000 and 69,999 — healthy lending conditions.
- 5 out of 10 raw: approvals between 50,000 and 59,999 — functional but not especially strong.
- 2 out of 10 raw: approvals between 40,000 and 49,999 — weak lending conditions.
- 0 out of 10 raw: approvals below 40,000 — severely weak lending conditions.
How this appears in the index
The raw lending score is calculated out of 10, then rescaled to a displayed pillar score out of 20 so it fits the weighting used in the wider Mortgage Market Health Index.