Huge bounce in mortgage approvals sees buyer demand melt Brexit ice

October 29, 2019

The latest mortgage approval figures from UK Finance show the highest level of approvals registered during October since 2015, 9.8% higher annually, with 42,300 home buyers entering the market.

Please find comment below from Managing Director of letting and estate agent Benham and Reeves, Anita Mehra.

Managing Director of Benham and Reeves, Anita Mehra, commented:  

“The latest figures demonstrate a very real appetite for homeownership across the UK and mark the sixth consecutive month we’ve seen mortgage approval levels exceed a healthy 42,000.

This suggests that despite our political system continuing to crumble from the inside out, the Brexit ice is starting to melt when it comes to buyer sentiment and their intent to purchase.

While we may have to wait until the other side of the festive break to see this intent materialise into actual sales, it bodes well for the wider market given that our future in or out of Europe is yet to receive any concrete stamp of certainty.”

Properganda PR

National and local media coverage for property businesses. Journo quotes delivered in minutes.

You May Also Enjoy

Rightmove logo
Breaking News

Bigger Boxing Day bounce expected, as prices to rise 2% in 2026

Average new seller asking prices fall by 1.8% (-£6,695) this month to £358,138. This larger than usual December drop means that prices are 0.6% (-£2,059) lower at the end of 2025 than in 2024 Bigger than usual Rightmove Boxing Day Bounce expected, as those who paused due to Budget uncertainty to join the post-Christmas boost…
Read More →
Breaking News

UK Finance Mortgage Market Forecast 2026-2027

UK Finance today releases its Mortgage Market Forecast. In 2026 we expect to see: Overall gross lending rise by four per cent to £300 billion. 10,000 fewer property transactions in 2026 compared to 2025. A 10 per cent rise in external remortgaging and two per cent rise in Product Transfers. 1.8 million fixed rate mortgages…
Read More →
Christmas Decorations - Good or Bad for Selling
Breaking News

Home Alone still most valuable Christmas TV property

New research from Yopa reveals that the McCallister house in Home Alone continues to be the most valuable Christmas movie and TV property, while the homes of Sherlock Holmes and Bridget Jones have seen the biggest annual price increases. Yopa has looked at the estimated market value of 10 of the most famous houses from…
Read More →
Breaking News

Housing Insight Report October 2025

The latest figures reveal a steadier, more confident property market, with committed buyers driving sales and rental arrears falling to their lowest level since 2022. In spite of slight dips in demand, rising stock levels and stabilising rents signal a sector gradually finding its balance. Residential sales Prospective buyer registrations dropped in October 2025 The…
Read More →
Breaking News

9 luxury property features to impress Christmas guests

9 of the fanciest home features to impress your Christmas guests – And how much they’ll set you back As the festive season approaches and we prepare to welcome guests into our homes, Enness Global has identified nine of the most extravagant and fancy home features that define true luxury at Christmas. But impressing the…
Read More →
Rightmove logo
Breaking News

No acceleration in rental EPC improvements despite policy push

Rightmove’s 2025 Greener Homes Report reveals: Energy efficiency of homes continues to steadily improve, but slowly: Rental sector stock still more energy efficient than resale stock Both markets have seen a 3% year-on-year jump in proportion of homes with at least an EPC rating of C (58% of homes for rent, 46% of homes for…
Read More →