Story thread · 5 reports / 5 sources
UK mortgage approvals fall to lowest level since January 2024 as housing demand weakens
timesofindia.indiatimes.com · 12d
How the coverage leans
Across 5 sources · syndicated copies counted once
In July, UK mortgage approvals for home purchases hit a new low, highlighting a weakened demand in the housing market amid rising borrowing costs. Additionally, net mortgage borrowing plummeted, falling below the six-month average. While house prices saw slight annual growth, they decreased when adjusted for inflation. Conversely, unsecured consumer borrowing rose, revealing an increasing dependence on credit for everyday spending.
First report: Fewest UK Mortgages Approved Since the Start of 2024 — bloomberg.com, 14d
The coverage
- Housing market remains subdued as mortgage approvals fall to a two and a half year low
thisismoney.co.uk · 13d
- Home-buyer mortgage approvals fall to lowest level in more than two years
independent.co.uk · 14d
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