Mortgage approvals ticked up a little in October
November 29, 2016
The BBA last week published a news report in the BBA Voice sectionÿ headlined ‘Confident consumers key to post-referendum economic performance High Street Banking Statistics, October 2016’
In a section of the news report it interestingly states:ÿ Mortgage approvals ticked up a little in October.ÿ There has, however, only been a relatively modest increase in activity since the Bank of England cut rates in August and this is in line with patterns we have seen in previous months. Overall this suggests that patterns in the housing market are more important in driving mortgage borrowing than interest rates . more….
Read the BBA news report in full click here
You May Also Enjoy
Fledgling homeowners cut costs by taking on fixer-uppers to achieve dream home
66% of first-time buyers bought a cheaper home because it needed DIY or renovation work done Many choosing a ‘fixer-upper’ were able to buy in their preferred location, add value and put their stamp on it DIY almost mandatory among first-time buyers, with 93% completing at least one project since moving in But three quarters…
Read More 
House Price Index for April 2026 – Thoughts from the Indutry
The latest Halifax House Price Index for April 2026 shows that: – On a monthly basis, house prices remained largely static, down by just -0.1% between March and April 2026. Annually, house prices were up 0.4%, albeit this rate of annual growth had slowed from 0.8% the previous month. As a result, the average house…
Read More 
House prices remained broadly stable in April
• House prices edged down -0.1% in April, following a -0.5% fall in March • Average property price now £299,313, compared with £299,609 in March • Annual growth slowed to +0.4%, from +0.8% in March • Northern Ireland continues to record the strongest annual growth at +7.6% Amanda Bryden, Head of Mortgages, Halifax, said:…
Read More 
Breaking Property News 7/5/26
Daily bite-sized proptech and property news in partnership with Proptech-X. The Hidden Economics of AI Agents: Why Businesses May Spend More Than They Ever Did on SaaS AI agents are rapidly being positioned as the next evolution of enterprise software. The problem is that many companies are still evaluating them through a SaaS lens…
Read More 
£15m property market accounts for 0.04% of all homes
The latest analysis from AgentWise has found that while more than 30,000 homes are currently for sale across Great Britain with an asking price between £1m and £5m, properties priced above £1m account for just 6% of all available housing stock, with the market becoming dramatically smaller and increasingly relationship-led as values rise. With so…
Read More 
Beware of the underinsurance risk created by property alterations
Property owners are being warned that while alterations may well improve a building, they can also change its rebuild cost. Where works materially affect a building’s size, layout, specification or services, the amount it is insured for may need to be reviewed, as a matter of urgency, according to experts at RebuildCostASSESSMENT.com “It’s a common…
Read More