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housing-market

Mortgage approvals rise as rates continue to fall

The receding likelihood of a base rate rise in 2015 has a sparked a price war between banks and building societies The number of mortgages take out for house purchases and remortgages increased in February, figures from the Bank of England showed, as rates continued to fall and lenders got to grips with affordability rules. Related: Ignore the ‘experts’ and split your mortgage two ways Early …

UK mortgage approvals rise to six-month high in February

British mortgage approvals hit a six-month high in February, rising for a third straight month and suggesting the housing market could start to regain momentum, Bank of England data showed on Monday. Mortgage approvals for house purchases numbered 61,760 in February, up from 60,707 in January. Analysts in a Reuters poll had forecast 61,500 mortgage approvals were made in February. The number of …

Mortgage approvals edge up in January for second monthly rise

British mortgage approvals edged up in January to show their second monthly increase, Bank of England data showed on Monday, a latest sign that a housing market slowdown may be starting to fade. Mortgage approvals for house purchases numbered 60,786 in January, edging up from 60,349 in December to hit the highest level since September of last year. Analysts in a Reuters poll had forecast 61,000 …

UK mortgage approvals edge up in January for 2nd monthly rise

British mortgage approvals edged up in January to show their second monthly increase, Bank of England data showed on Monday, a latest sign that a housing market slowdown may be starting to fade. Mortgage approvals for house purchases numbered 60,786 in January, edging up from 60,349 in December to hit the highest level since September of last year. Analysts in a Reuters poll had forecast 61,000 …

Mortgage approvals fall to 17-month low in November

Property market suffers autumn slowdown as Bank of England figures show dip after summer recovery The number of mortgages approved for house purchases fell to a 17-month low in November, in a further sign of a housing market slowdown in the autumn. A total of 59,029 home loans were approved for purchases during the month, according to figures from the Bank of England, below the average of 63,191 …