Blog Post

Mortgage approvals return to ‘normal’ levels

Gill - Head Gillian Bell Dec 6, 2021, 13:00 PM

October saw mortgage approvals return to more 'normal' levels.

The Bank of England report 67,199 mortgages were approved in October, just above the long-term monthly average of 66,462 (based on 2015–2019).

The property market is predicted to return to calmer market conditions during the first quarter of 2022. The volume of new supply to the market is expected to rise.

Rising inflation and the probability of a rise in the base rate of interest looks set to impact on buyer affordability in 2022 and beyond. Source: Dataloft, Bank of England

Load more comments
Thank you for the comment! Your comment must be approved first

"Professionalism, Responsiveness"

- Jade

"Excellent service from Peter Anthony"

- Harry

"Dewi worked promptly and professionally to rent two flats."

- Jerry

"Nothing is too much trouble . Very very professional"

- Kevin

"Peter Anthony are by far the best estate agents I've dealt with. Greg dealt with our move and was so quick to respond and helpful with any queries, he really made the process so easy."

- Katie

"Professional, swift service and I would highly recommend them as an estate agent."

- Anna-Marie

"Thank you for your timely responses and kind approach towards myself and partner."

- Adam

"Excellent service, Greg was really professional, helpful as well as always being really friendly."

- Jay Mac