{"id":131852,"date":"2022-11-29T20:34:21","date_gmt":"2022-11-29T13:34:21","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-approvals-for-october-fall-10-after-mini-budget\/"},"modified":"2022-11-29T20:48:43","modified_gmt":"2022-11-29T13:48:43","slug":"uk-mortgage-approvals-for-october-fall-10-after-mini-budget","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-approvals-for-october-fall-10-after-mini-budget\/","title":{"rendered":"UK mortgage approvals for October fall 10% after mini-budget"},"content":{"rendered":"


\nHomebuyers face higher interest costs, as lending figures slump to lowest monthly total since June 2020The chaos in the mortgage market that followed Kwasi Kwarteng\u2019s now infamous mini-budget led to a 10% fall in the number of mortgage approvals during October.According to the latest figures from the Bank of England, the number of mortgages approved by lenders slumped from 66,000 in September to 59,000 last month \u2013 the lowest monthly total for mortgage approvals since June 2020. Continue reading…
\n
\nSource : theguardian.com
\nRead more…UK mortgage approvals for October fall 10% after mini-budget<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Homebuyers face higher interest costs, as lending figures slump to lowest monthly total since June...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-131852","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-yiE","jetpack-related-posts":[{"id":135014,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-market-contracts-for-fifth-month-after-liz-truss-mini-budget\/","url_meta":{"origin":131852,"position":0},"title":"UK mortgage market contracts for fifth month after Liz Truss mini-budget","date":"March 1, 2023","format":false,"excerpt":"\r Approvals at lowest since 2009 \u2013 bar during Covid lockdown \u2013 as demand for new homes continues to fallBritain\u2019s mortgage market has contracted for a fifth month in a row, official figures show, as the jump in interest rates that followed Liz Truss\u2019s September 2022 mini-budget continued to trigger\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123495,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-approvals-at-lowest-level-since-mid-2020\/","url_meta":{"origin":131852,"position":1},"title":"UK mortgage approvals at lowest level since mid-2020","date":"November 29, 2021","format":false,"excerpt":"\r Bank of England\u2019s October figures follow frenzied few months when stamp duty breaks led to rush to buyThe number of mortgages approved for UK house purchases fell to its lowest level in 16 months in October as the \u201cdistortive effect\u201d of the stamp duty holiday came to an end.Figures\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24413,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-approvals-fall-to-18-month-low-after-brexit-vote\/","url_meta":{"origin":131852,"position":2},"title":"Mortgage approvals fall to 18-month low after Brexit vote","date":"August 30, 2016","format":false,"excerpt":"\r Banks and building societies approved 60,912 mortgages in July, lowest monthly total since January 2015, figures showMortgage approvals fell to an 18-month low in July as aftershocks from the EU referendum result rippled out into the housing market.Figures from the Bank of England showed a drop from 64,152 approvals\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140079,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-approvals-slump-before-interest-rates-decision\/","url_meta":{"origin":131852,"position":3},"title":"UK mortgage approvals slump before interest rates decision","date":"October 30, 2023","format":false,"excerpt":"\r Remortgaging at lowest level since January 1999 as borrowers face higher repaymentsUK mortgage approvals slumped in September amid mounting signs of stress in the property market, according to official figures before the Bank of England\u2019s next decision on interest rates on Thursday.Figures from the central bank showed net borrowing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":72795,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-approvals-in-uk-at-lowest-level-for-13-months\/","url_meta":{"origin":131852,"position":4},"title":"Mortgage approvals in UK at lowest level for 13 months","date":"November 24, 2017","format":false,"excerpt":"\r Bank agreements for homebuyers decline, seen by economists as further sign of British market downturn British banks approved the fewest mortgages for house purchases in more than a year in October, with economists warning the decline could signal the start of a downturn in the UK housing market.Mortgage approvals\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138978,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-approvals-fall-to-five-month-low-as-rate-hikes-hit-demand\/","url_meta":{"origin":131852,"position":5},"title":"UK mortgage approvals fall to five-month low as rate hikes hit demand","date":"August 30, 2023","format":false,"excerpt":"\r July is traditionally busy month for home buying but surge in interest rates has begun to \u2018take its toll\u2019The number of mortgage approvals fell to its lowest level in five months in July, amid fresh evidence of the impact of the sharp increase in borrowing costs on the housing\u2026","rel":"","context":"In "Property 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