Mortgage approvals bounce back in May

June 30, 2025

The latest figures show that: –

  • Mortgage approvals on house purchases for May sat at 63,032 up 3.9% from 60,656 in April.
  • The monthly increase seen in May marks the end of four months of previous decline, with approval levels having fallen each month since January of this year.
  • Approvals are also 2.5% higher than the 61,478 seen in May 2024.

Stephanie Daley, Director of Partnerships at mortgage advisor, Alexander Hall, commented:

“The increase in mortgage approvals seen in May marks a welcome turnaround following four consecutive months of marginal decline, suggesting that the market has bounced back now that the uncertainty of the recent stamp duty deadline has passed.

Buyers are once again moving forward with confidence and, with interest rates showing greater stability and many lenders continuing to offer a competitive range of sub-4% mortgage products, conditions remain supportive for both first-time buyers and home movers.

As we head into the second half of the year, we expect this upward momentum to continue building. With affordability improving and sentiment strengthening, the foundations are in place for a more active and confident housing market in the months ahead.”

 

CEO of Octane Capital, Jonathan Samuels, commented:

“May’s uplift in mortgage approvals is a clear sign the market is regaining its footing after a more muted few months and, with the distraction of the stamp duty deadline now behind us, buyers are re-engaging and they’re doing so with confidence.

Stable interest rates and a wider range of more favourable mortgage products are fuelling renewed demand, particularly among first-time buyers and movers looking to capitalise on improving affordability.

We’re heading into H2 with momentum and the fundamentals suggest we’re set for a stronger second half of the year, with sentiment finally moving in the right direction.”

EAN Breaking News

Breaking News from the team at Estate Agent Networking. Have a new story to share with us? Then please get in contact today! When and where we can we will refer to third party websites with a 'live link back' where news was released first.

You May Also Enjoy

Estate Agent Talk

Storytelling for Homeowners: Producing Content That Connects Emotionally

In the quick-paced global of online facts, information by myself is rarely sufficient to encourage or have an effect on. Whether you’re a home owner sharing your protection adventure, a blogger covering indoors traits, or a real estate professional assisting customers discover their dream homes, storytelling is the important thing to building belief and emotional…
Read More →
Estate Agent Talk

This Summer’s Extreme Heat: What It Means for UK Gardens

The UK has been enjoying plenty of warm sunshine during the early weeks of the 2025 summer season. In predictions made by the Met Office for the three-month outlook there is plenty more hot weather to come. According to the government agency, the UK’s meteorological summer is twice as likely to be hotter than normal…
Read More →
Breaking News

No-fault evictions by bailiffs up 8%

New figures show that in the 12 months since Labour came into Government, no-fault evictions by bailiffs in England have risen by 8%. Labour has pledged to end no-fault evictions under its Renters’ Rights Bill, which is going through Parliament. According to the latest figures from the Ministry of Justice there were 11,402 repossessions by…
Read More →
Breaking News

Leasehold Lettings Under Pressure: Landlords Blocked from Improving Flats

New research from LRG (Leaders Romans Group) reveals that leasehold structures are creating a growing barrier to progress in the rental sector, limiting upgrades, pushing landlords away from flats, and lowering tenant confidence in how buildings are managed. According to LRG’s most recent Lettings Report, 58% of flats let by landlords are leasehold. Among these,…
Read More →
Breaking News

234% surge in demand for air-conditioned homes as UK buyers brace for hotter summers

Following the many heatwaves the UK has experienced this summer, searches for homes that are for sale with air conditioning have more than tripled in a year (+234%).1 According to recent research, just 1.2% of homes for sale in England feature air conditioning, which adds around 2.5% to a property’s overall value.2 As air conditioning…
Read More →
Home and Living

Bathroom Supply, Fitting & Repairs: A Complete Guide for Homeowners

Your bathroom is one of the most used rooms in your home — it should be functional, comfortable, and built to last. Whether you’re planning a full renovation, upgrading tired fixtures, or dealing with a plumbing issue, understanding the ins and outs of bathroom supply, fitting, and repairs is key to getting the results you…
Read More →