BoE figures show mortgage approvals to home buyers falls to six month low in March
May 5, 2017
The Bank of England (BoE) statistical release 4th May 2017… Money and Credit March 2017.
Lending secured on dwellings rose by £3.1 billion in March, similar to the recent average but lower than expected. In year-on-year terms, the increase was the weakest since November 2015.
Mortgage approvals secured on dwellings for house purchase and remortgaging in March both fell slightly to 66,837 and 42,814 respectively, this was the second month in a row that approvals have fallen. Mortgage approvals fell to a six-month low in March according to latest Bank of England figures
The flow of consumer credit was in line with its recent average in March, at £1.6 billion.
Read the BoE statistical release in full click here.
You May Also Enjoy
London rents outperform property values
The latest research by London lettings and estate agent, Benham and Reeves, has revealed that rental growth has outperformed house price growth across 26 of London’s 32 boroughs since the start of the year, with rents continuing to climb despite weaker property price performance across much of the capital. Benham and Reeves analysed the average…
Read More 
Rental property availability falls
The number of rental properties available across England fell by 12.1% during the third quarter of 2026, according to new analysis by Dwelly, highlighting an increasingly competitive rental market in many parts of the country. Dwelly is one of the UK’s largest rental property management groups, with more than 15,000 properties under management. The firm’s…
Read More 
Average advertised rents surpass £1,400 for the first time
The average advertised rent of homes outside London has risen to a new record of £1,418 per calendar month, up 1.5% this quarter: Despite a new record rent, annual rental growth has returned to a more stable level of +2.4% Number of available rental homes nationally is 2% lower than a year ago, while renter…
Read More 
Barclays unlocks wider mortgage access for company directors
Limited company directors who meet the income threshold can now have their Profit After Tax (PAT) considered in their affordability assessment regardless of property value The change means that, for a wider group of limited company directors, Barclays will consider a fuller view of the applicant’s income The update is the latest in a series…
Read More 
Homebuyer demand fall in Q3
The latest sales demand data from eXp UK has revealed that homebuyer demand in England slipped by -1.6% in Q3 2026. The analysis shows that just five counties managed positive growth during the quarter, suggesting that buyers may be holding back, adopting a wait-and-see approach ahead of what promises to be a vital Autumn Budget –…
Read More 
Alterations can change a property’s rebuild cost
‘Don’t get caught short’ warning to homeowners from valuations experts – alterations can change a property’s rebuild cost Properties change over time. Homeowners may add an extension, upgrade a kitchen or bathroom, alter the layout, or even change how the building is used, but when do those changes mean it’s time for a new rebuild…
Read More