Name: UK mortgage approvals hit lowest since June 2020
Uploaded: 2022-12-09T00:00:00.000Z
Duration: 30 s
Channel: Roomvu.com
Description: The number of mortgages approved by lenders in Britain ↓ in Oct to its lowest since June 2020.Lenders approved 58,977 mortgages for house purchase in Oct, ↓ MoM from 65,967.Consumer borrowing ↑ in net terms by £769M in Oct, ↑ MoM from £608M.

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Home prices can drop in 2025 due to oversimplified market mechanisms.
Fannie Mae's survey anticipates a slower housing market in 2024 and 2025, with growth rates of 2.4% and 2.7%, respectively.

2025 Housing market will see moderation, not meltdown

2025 Housing Market Will See Moderation, Not Meltdown

The number of mortgages approved by lenders in Britain ↓ in Oct to its lowest since June 2020.Lenders approved 58,977 mortgages for house purchase in Oct, ↓ MoM from 65,967.Consumer borrowing ↑ in net terms by £769M in Oct, ↑ MoM from £608M.

UK loan approvals hit lowest since June 2020

UK mortgage approvals hit lowest since June 2020

UK mortgage approvals hit lowest since June 2020

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