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
Landlord Demographics Remain Broadly Unchanged
Propertymark analyses the latest figures from the English Private Landlord Survey 2024, published alongside headline findings from the English Housing Survey 2024–25, showing that the profile of private landlords in England has remained remarkably consistent with previous surveys, even as landlords navigate ongoing tax changes and evolving standards and expectations. The data highlights that the…
Read More 
London’s most prestigious postcodes revealed
The latest research from Enness Global has revealed London’s 11 most prestigious postcodes based on average sold price data, with the SW1A postcode covering Mayfair and St James’s topping the table, where the average home sold for £2.375m. Enness Global analysed sold price data from the Land Registry, examining transactions to have completed across London’s…
Read More 
Software GDTJ45 Builder Problems: Causes, Solutions, and Best Practices
If you’ve been using GDTJ45 Builder software, you might have noticed it’s not always as smooth and reliable as expected. From installation errors to unexpected crashes and slow performance, many users experience problems that can disrupt workflow, delay projects, and cause frustration. This article will walk you through the most common GDTJ45 Builder problems, explain…
Read More 
Developers draw confidence from improving lending landscape
Jonathan Samuels, CEO of Octane Capital, believes that improving conditions across the lending landscape have helped to boost developer confidence heading into a new year, despite a number of challenges still remaining, with specialist finance remaining a key weapon in their arsenal. The latest survey of UK property developers, commissioned by specialist lender Octane Capital,…
Read More 
Happy New Year! UK construction performance finishes 2025 on a high
GLENIGAN INDEX: UK construction starts 2026 on a stronger footing with 2025 concluded with a significant increase in project starts during the Index period The value of project starts increased by 7% during Q.4, but remained 7% below 2024 levels. Residential construction starts declined by 2% in the preceding three months and by 20% against…
Read More 
Prime London homeowners unmoved by mansion tax
The latest look at prime London property supply from Jefferies London has shown that the volume of homes priced at £2m or more listed for sale across Prime Central London (PCL) fell by -9.3% during the fourth quarter of 2025, but £2m+ homes still account for 35% of PCL stock. Jefferies London analysed current for-sale…
Read More