Mortgage approvals fall to two year low

Latest figures from the Bank of England show net mortgage approvals for house purchases fell to 60,000 from 61,000 in December, the fourth consecutive monthly drop and the lowest figure since January 2024. The decline follows uncertainty surrounding the November Budget. Remortgaging approvals also decreased slightly to 38,100, from 38,400 in December. Net borrowing of…

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Mortgages approvals increase in November

Latest Bank of England data has found that mortgage approvals for house purchases rose from 47,900 in October to 50,100 in November. The report also revealed that mortgage lending to individuals was at net zero in November compared to £0.1 billion of net repayments in October. The annual growth rate for net mortgage lending reached…

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