Total number of mortgage sales in the UK 2014-2022, by advice given
In 2022, the number of mortgage sales (PSD) in the United Kingdom (UK) stood at just over 1.15 million for the year. Of these, the vast majority of mortgage sales were advised sales. According to the source, "An advised sale occurs when an advisor of a regulated firm gives a personal recommendation to the customer after assessing the customer’s needs and circumstances. This is specific and individual advice to the customer and is not generic."
Product sales data (PSD) is collected by the Financial Conduct Authority (FCA) and includes new sales (including remortgages); transfers, top-ups, alterations (such as mortgage switches with the same lender). It does not include data on transactions made through fund supermarkets and nominee accounts (such as those used in platforms) and, increments and renewals are generally not included according to the source. In the United Kingdom, all home finance providers are required to submit the mortgage PSD.