Mortgage approvals have hit a 13-year high according to new figures from the Bank of England. In September, banks approved 91,500 mortgages – the highest figure since September 2007. Demand has been fuelled by the demand for more space since lockdown as well as the stamp duty holiday. “The number of mortgage approvals for house […]

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UK house prices are continuing to grow as mortgage applications hit a 12-year high. The average house price in September was £249,870 – a 1.6% rise from August. According to Halifax, the market is surging as people are looking for more space following the lockdown. However, growth is not expected to continue. Due to the […]

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New data from the Bank of England suggests that the housing market is bouncing back after lockdown. UK mortgage approvals jumped to 66,300 in July – up from May’s low 9,000 in May and June’s 40,000. Figures are still lower than February’s 74,000, however, remain strong and are higher than the expected 55,000 approvals expected […]

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