Mortgage approvals for March

May 1, 2015

U.K. mortgage approvals unexpectedly fell in March, probably due to consumers being wary of purchasing a new home in the months before the general election.

Approvals fell to 61,341 from 61,523 in February, the Bank of England reported today. Economists had forecast an increase to 62,400.

With a less than a week until the general election, prospective British house buyers are probably  holding back to see the outcome. Voter opinion polls show no major party will win an outright majority, leaving unclear whether Prime Minister David Cameron’s Conservatives or Ed Miliband’s Labour Party will take office.

Ed Miliband has pledged not to do a deal with the SNP in any way whatsover, that was again confirmed on BBC TV last night in the leaders debate, lets see if he holds to the promise as without their support it appears unlikely he would be able to form a Government

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Love or Hate Rightmove
Breaking News

Searches surge for Moclín in Spain due to Amanda and Alan’s Spanish Job

Searches for Moclín, an area in the province of Granada in Spain, have surged due to the programme Amanda & Alan’s Spanish Job, hosted by Amanda Holden & Alan Carr The increase from 104 searches at this time in 2024, to more than 85,000 in 2025, equates to a more than 800 times surge in searches It is…
Read More →
AI in estate agency letting agency property
MarketingProptech News

AI Services for UK Estate & Letting Agents:

Firstly, let us fully understand what AI is and how it can help within the UK estate and letting agency industry – Is it all that it’s cracked up to be as such?! It’s all about artificial intelligence operations of which most take over from and surpass human involvement: “Artificial intelligence refers to the capability…
Read More →
Breaking News

Economic certainty needed to bolster builders, says FMB

The 0.2% fall in construction output in January 2025, according to new figures from the Office of National Statistics (ONS), is another indicator that the economy is struggling despite the Government’s strong commitment to back development, says the Federation of Master Builders (FMB). Brian Berry, Chief Executive of the FMB said: “Winter is always a…
Read More →
Surge in country and seaside property values
Estate Agent Talk

5 Tips for Increasing the Value of Your Home

Owning your own home is one of the best financial investments that you can make in your life. Whether you’re planning to sell in the near future, or keeping an open mind about moving later down the line, making alterations to your property can significantly increase its value. So, whenever it is you’re looking to…
Read More →
Breaking News

Housing Insight Report – Covering January 2025

As widely expected, January 2025 saw an uplift in activity in the sales market due mainly to the Stamp Duty thresholds changing, requiring many homeowners completing from April onwards to pay more tax in England and Northern Ireland. Residential sales UK average house price dipped The average UK house price stood at £268,000 in December…
Read More →
Breaking News

Mortgage Expert predicts interest rates will still remain higher than pre-pandemic levels

Hodge Bank’s 2025 Predictions: Interest Rates and House Prices Outlook James Enos, Hodge Bank, suggests consumers remain mindful that interest rates will likely still remain higher than pre-pandemic levels. The fate of house prices for 2025 are in the hands of consumer confidence and appetite to purchase. Hodge Bank anticipates that the year will see…
Read More →