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Mortgages at completion stage: 1995 to 31 March 2005 (Table 5)
Period | Number of loans (000s) 1 | Mix-adjusted House Price Index 2002=100 2 | All purchasers | Percentage of first time purchasers |
|---|
Average house price (£) | Percentage of price advanced 3 | Average recorded income (£) |
|---|
1995 | 53 | 77 | 53,143 | 76 | 20,928 | 54 |
|---|
1996 | 65 | 79 | 56,674 | 75 | 21,877 | 50 |
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1997 | 74 | 84 | 57,883 | 75 | 22,450 | 50 |
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1998 | 72 | 89 | 63,585 | 75 | 24,151 | 52 |
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1999 | 83 | 91 | 69,312 | 75 | 25,936 | 50 |
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2000 | 78 | 93 | 69,961 | 77 | 26,877 | 49 |
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2001 | 86 | 97 | 73,570 | 76 | 28,495 | 41 |
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2002 | 94 | 110 | 76,877 | 73 | 30,236 | 30 |
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2003 | 84 | 125 | 95,006 | 67 | 31,945 | 20 |
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2004 | 84 | 151 | 118,932 | 68 | 34,080 | 22 |
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2003 1st Qtr | 16 | 113 | 78,734 | 64 | 29,489 | 24 |
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2003 2nd Qtr | 20 | 122 | 89,309 | 63 | 31,733 | 23 |
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2003 3rd Qtr | 23 | 130 | 103,905 | 70 | 33,353 | 18 |
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2003 4rd Qtr | 25 | 136 | 108,076 | 72 | 33,206 | 18 |
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2004 1st Qtr | 20 | 140 | 110,886 | 69 | 33,939 | 20 |
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2004 2nd Qtr | 25 | 150 | 114,240 | 68 | 33,471 | 17 |
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2004 3rd Qtr | 24 | 157 | 124,917 | 67 | 34,180 | 23 |
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2004 4th Qtr | 18 | 159 | 125,683 | 67 | 34,729 | 24 |
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2005 1st Qtr | 12 | 160 | 124,494 | 66 | 35,161 | 23 |
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Source: Survey of Mortgage Lenders, Council of Mortgage Lenders and the Office of the Deputy Prime Minister.
Notes: Figures since 1993 have been revised, substantially in some cases, due to changes in methodology (see notes and definitions). Due to rounding, the total shown may not be equal to the sum of constituent parts. The relatively small sample sizes and effects of seasonality mean that quarter on quarter changes should be interpreted with caution. Figures from 2002 Q2 onwards are based on an increased sample size.
1. The numbers of loans are estimated by applying the house purchasing activity rate for England and Wales to the estimated privately-owned housing stock in Scotland (see notes and definitions).
2. The House Price Index was revised in 2003 (see notes and definitions).
3. The percentage of price advanced has been revised. Percentages are now calculated on a case-by case basis and then averaged. Previously the percentages were derived on the overall average price and advance.
4. The average recorded income figure for 2002 Qtr 2 to 2003 Qtr 2 have been revised as they were based on a 5% sample. The revised figures are based on enhanced sample size.
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