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BoE: mortgage approvals fall to 54,900 as new rates rise
Bank of England data shows August mortgage approvals fell to 54,900 as the effective rate on new mortgages rose to 4.60%.
mortgage approvals
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BoE says mortgage approvals hit 2023 low as higher rates cool demand
Mortgage approvals for house purchases fell to 56,200 in May, the lowest level since December 2023, as higher borrowing costs and a softer housing market…
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House prices nudge up as affordability improves
UK house prices edged up 0.6% in July, with annual growth climbing to 2.4%, according to Nationwide’s latest index—but for landlords, this modest recovery is…
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Property market set for busy start to 2025
New analysis from GetAgent.co.uk shows the UK housing market is gearing up for a strong start to 2025, with mortgage approvals expected to peak in…
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Mortgage warning signs from the Bank of England
In the last three months of 2022, mortgages agreed for the coming months were down by a third (33.5%) from the previous three months, and…
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House prices rocked but pace of sales set to slow
House prices have continued to rocket upwards over the last few months, the latest findings from Halifax confirm. The mortgage lender put the average price…