Secured lending: repayments on redemption in the UK 2012-2023, per quarter
The value of repayments on redemption of secured loans on dwellings in the UK increased slightly in the third quarter of 2023, but remained below the same period in 2022. At 37.7 billion British pounds, the figure was one of the lowest recorded since the COVID-19 pandemic outbreak. During the onset of the pandemic, repayments dropped to close to 26.8 billion British pounds in the second quarter of 2020, approximately ten billion U.S. dollars below the same period in 2019. Secured loans on dwellings include all home purchase loans and remortgaging.