Blog Post

Mortgage approvals return to ‘normal’ levels

Gill - Head Gillian Bell Dec 6, 2021, 13:00 PM
237_Dataloft_inform_Insight

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
comment-avatar

"The experience was good"

- Bailey

"It has always been prompt action on any issue raised and the feedback has been positive."

- Oketokun

"Way better than my experience with other Estate Agents. Highly recommended!"

- Laurence

"We are both so happy with the agents"

- Megan

"Positives: Quick sale"

- Andy

"Gill and Abbey were quick and efficient to get my place sorted"

- Charlene

"Very satisfied with the service from the beginning to the present, thank you Gill for always being attentive."

- Sarah

"They are truly the best"

- Paulina