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
Four summer interior mistakes you’re probably making right now
Summer brings longer days, brighter evenings with plenty of opportunity to enjoy our homes, yet many homeowners are unknowingly making simple interior mistakes that could be leaving their spaces feeling darker, smaller and less inviting than they should. While many people focus on refreshing their gardens and outdoor spaces during the warmer months, maximising indoor…
Read More 
Housing Insight Report: April 2026
Despite wider economic uncertainty and inflation remaining above target, the housing market continues to demonstrate resilience. Within the rental market, demand continues to significantly outstrip available supply. Sales 1. In April 2026, stock levels showed a marginal increase with an overall average of 43 properties for sale at each member branch. 2. The average number…
Read More 
Stop managing damp. Start managing risk
The next phase of Awaab’s Law isn’t about repairs. The question regulators will ask is whether you can prove what you knew, and when. Housing providers, operators and agents are being warned not to view Awaab’s Law solely through the lens of damp and mould, as new requirements coming into force later this year expand…
Read More 
Biggest challenges facing agents is generating motivated buyer leads
The latest research by GetAgent has revealed that while seller activity remains relatively resilient across the UK housing market, growing buyer hesitation is weighing on overall market momentum, creating a more challenging environment for estate agents. The survey of UK estate agents, commissioned by GetAgent, examined current market conditions, lead quality, business investment and expectations…
Read More 
Against all odds, recovery remains on track
Glenigan’s Summer 2026 Construction Forecast indicates sector resurgence in 2027, despite a painful start to the year Construction sector set to rebound by 13% over the course of the Forecast period (2026-2028) as economic conditions improve Significant value gains expected for offices, industrial, public sector and civils verticals Private and social housebuilding predicted to rally…
Read More 
Manchester tops decade of property price growth with London bottom
New long-term analysis from the UK’s largest property platform Rightmove reveals that Manchester is the fastest growing city for prices over the last 10 years, while London is the slowest The average asking price for a home in Manchester is up by 63% compared with 10 years ago, by contrast prices in London are only…
Read More