Blog Post

Uptick in mortgage approvals

Gill - Head Gillian Bell Sep 4, 2024, 12:00 PM

July data just released by the Bank of England saw a pick-up in mortgage approvals to just shy of 62,000, the highest monthly rate since the Truss mini budget in September 2022.

This July mortgage data precedes the Bank of England's first interest rate cut in August but shows the building sentiment towards the housing market as mortgage rates moved down ahead of the Bank of England meeting.

With mortgage rates moving lower again since, mortgage approval volumes should strengthen further over the next few months which in turn will feed into higher transaction numbers. Source: Dataloft by PriceHubble, Bank of England.

Leave a comment
Newest on top Oldest on top
Load more comments
Thank you for the comment! Your comment must be approved first
comment-avatar

"A great company and great experience."

- Andrew

"I deeply appreciate Peter Anthony Estate, especially Abbey, who works here."

- Delar

"I had a viewing with Abbey, so lovely and friendly"

- Amy

"I was shown around a property by Abbey Bird, it was a lovely viewing"

- Sophia

"Dewi kept us up to date & was very understanding of my Mum's situation. I would highly recommend selling with this company."

- Jane

"Abbey was very friendly and helpful"

- Sandra

"If you need an Estate Agent who is going to really go the extra mile, Dewi is THAT person."

- James

"nothing written"

- Nadeeka Edirisinghalage