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
Breaking Property News 11/6/26
Daily bite-sized proptech and property news in partnership with Proptech-X. Leasing decisioning platform set to scale with new injection of investment Findigs, the AI-native leasing decisioning platform that helps residential operators across the U.S. improve revenue and grow their bottom line, announced that it closed a $32 million Series C funding round led by…
Read More 
Cost of void periods climbs by as much as 53% for landlords
Landlords face growing pressure on profits as the cost of void periods climbs by as much as 53%. The latest research by property management specialist, Rushbrook & Rathbone, has found that the average cost to landlords as a result of void periods between tenancies has climbed by as much as 52.9% across some areas…
Read More 
Lack of Supply Keeps Upward Pressure on Rents
More ‘affordable’ areas see rents rise two times faster than the national average Rents are rising 5% on average in more affordable areas where rents are below £750pcm – over twice the national average of 2.1% Regionally, Carlisle (+9.1%), Kilmarnock (+9%) and Halifax (+6.5%) are among the fastest-rising markets where rents are rising quickly…
Read More 
First-time buyer price hotspots revealed
New analysis from the UK’s largest property platform Rightmove, reveals where first-time buyer prices are rising fastest across Great Britain Bridlington in East Riding of Yorkshire (£167,321) and St Helens in Merseyside (£133,106) lead the way, with average asking prices up 18% compared to last year Falkirk (+17% to £118,327) and Hartlepool (+12% to £104,76)…
Read More 
Summer set to bring seasonal spike in homeseller activity
The latest analysis by Foxtons has revealed that while autumn is traditionally the busiest time of year for the property market, summer is the ideal time for homeowners to get their property ready and listed if they want to take advantage of the heightened buyer activity still to come in 2026. Foxtons analysed government property transaction…
Read More 
World’s Football Stadiums Occupy Incredibly Valuable Real Estate
The latest research from LandSale, the property portal dedicated to land and rural property, has revealed which nations competing at the 2026 FIFA World Cup are sitting on the most valuable home turf, based on current land values surrounding their national stadiums. LandSale analysed the primary home stadium used by each national team and applied…
Read More