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
Sdlt Hike Spurs Record Home Sales by Auction
iamproperty is crediting the recent Stamp Duty Land Tax (SDLT) hike and rising consumer awareness as the reasons behind a record-breaking quarter for Auction. The market conditions led to an 11% increase in the number of iamproperty Auction sales in the first quarter of the year, compared with the same period last year. iamproperty’s Partner…
Read More 
Changes to mortgage affordability to support sales as house price growth cools
House price growth has slowed to 1.6 per cent annually, down from 1.9 per cent at the end of 2024, as buyer interest cools and the number of homes for sale continues to expand Buyer demand is one per cent higher than a year ago, while the number of homes for sale is 12 per…
Read More 
Rents rise to new record despite boost in supply
The average advertised rent of homes outside of London has risen to a new record this quarter of £1,349 per calendar month (pcm), however it is the smallest increase in rents at this time of year since 2020: London rents also rise by 0.1% (+£3) to a 14th consecutive new record of £2,698 pcm this quarter…
Read More 
Size Matters in Planning
The House Builders Association (HBA), the housebuilding division of the National Federation of Builders (NFB) has reignited its campaign for the planning system to adopt five clear site size definitions, replacing the current, arbitrary ones of ‘Minor’ (one to ten homes) and ‘Major’ (ten and above). Richard Beresford, Chief Executive of the NFB, said: “In…
Read More 
Popping the Asking Price Bubble
Where in the Uk Can Buyers Snap Up Property Bargains and Where Properties Go for a Premium Above Asking Price New research from fast selling property company, Upstix has uncovered the UK’s most surprising postcodes for snapping up a property at bargain prices this year, highlighting a widening gap between sellers’ expectations and the…
Read More 
Highest demand to lease office space since pre-pandemic
The latest insights from the UK’s number one commercial property website Rightmove, reveals that the number of unique enquiries to lease office space is at its highest point since pre-pandemic, as businesses look for spaces that meet modern requirements. Demand to lease office space is 19% higher than the same period a year ago and…
Read More