Mortgage approvals rose in November driven by remortgaging according to Bank of England
January 5, 2018
Bank of England monthly Money and Credit statistical release published 4th January 2017 – November 2017.
Lending to individuals data to the end of November 2017 include:
Secured net lending remained stable in November at £3.5bn, broadly in line with the average seen since 2016.
Mortgage approvals rose in November, driven by a continuing increase in remortgaging approvals to 53,922.
The annual growth rate of consumer credit slowed to 9.1% in November, the lowest rate since December 2015. This fall partly reflects a particularly strong flow in November 2016 falling out of the annual growth rate.
Read the Bank of England monthly Money and Credit statistical release 4th January 2017 in full with tables click here.
You May Also Enjoy
95% of estate agents say homebuying reforms could speed up property transactions
The latest survey by GetAgent.co.uk has found overwhelming support from estate agents for the Government’s proposed homebuying reforms, with the vast majority believing the changes will create a faster, more stable and more efficient property market. The proposed reforms are designed to modernise the homebuying process by introducing greater upfront information, earlier legal certainty and measures…
Read More 
Private rent and house prices, UK: July 2026
1. Main points Average UK monthly private rent increased by 3.3%, to £1,388, in the 12 months to June 2026 (provisional estimate); this annual growth rate remained unchanged from the 12 months to May 2026. Average rents increased to £1,446 (3.4%) in England, £843 (4.9%) in Wales, and £1,012 (1.3%) in Scotland, in the 12 months…
Read More 
Tenant demand continues to strengthen in Q2
The latest research by The Letting Partnership has found that tenant demand across England continued to strengthen during the second quarter of 2026, with 29.7% of all rental listings already securing a tenant. Demand has increased by 2.3% over the quarter and now sits 0.3% higher than the same time last year, demonstrating the continued…
Read More 
Breaking Property News 22/7/26
Daily bite-sized proptech and property news in partnership with Proptech-X. More kite flying on capping rents creates new uncertainty for investors Official data undermines rent cap folly as Burnham yo-yoing creates damaging market uncertainty More kite flying on capping rents has created new uncertainty for investors at the worst possible time. Analysis of…
Read More 
Conveyancing keeps providing stability in uncertain market
New research from Lyons Bowe solicitors has found that conveyancing costs have remained remarkably steady as a proportion of house prices across the UK, providing essential reliability for homebuyers during another year of market and economic uncertainty. Lyons Bowe’s analysis found that the average cost of purchasing a freehold property increased from £1,383 in April 2025…
Read More 
Political uncertainty adds to the many distractions for summer buyers
The average asking price of newly-listed homes for sale drops by 1.0% (-£3,832) this month to £372,359, substantially larger than the average July drop over the last ten years of 0.2%, as new sellers try to tempt summer buyers who are facing many distractions: Number of available homes for sale is 1% below this time…
Read More