{"id":134324,"date":"2023-01-31T18:16:34","date_gmt":"2023-01-31T11:16:34","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-demand-for-mortgages-slumps-as-interest-rates-deter-buyers\/"},"modified":"2023-01-31T18:31:56","modified_gmt":"2023-01-31T11:31:56","slug":"uk-demand-for-mortgages-slumps-as-interest-rates-deter-buyers","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-demand-for-mortgages-slumps-as-interest-rates-deter-buyers\/","title":{"rendered":"UK demand for mortgages slumps as interest rates deter buyers"},"content":{"rendered":"


\nBank of England figures also reveal many households are dipping into savings, rather than using credit cardsDemand for mortgages has collapsed to its lowest level since the depths of the 2020 lockdown as potential homebuyers are deterred by rising interest rates, the latest official figures show.The Bank of England said the number of home loan approvals had dropped to 35,600 in December from 46,200 in November \u2013 the fourth monthly fall in a row. Continue reading…
\n
\nSource : theguardian.com
\nRead more…UK demand for mortgages slumps as interest rates deter buyers<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Bank of England figures also reveal many households are dipping into savings, rather than using...<\/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-134324","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-yWw","jetpack-related-posts":[{"id":134372,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-the-interest-rate-rise-trigger-a-stampede-for-tracker-mortgages\/","url_meta":{"origin":134324,"position":0},"title":"Will the interest rate rise trigger a stampede for tracker mortgages?","date":"February 3, 2023","format":false,"excerpt":"\r Hints by Bank of England that rates may have peaked leaves those remortgaging in a quandaryWhat does the Bank of England interest rate rise mean for you?The rush towards tracker mortgages that began even before Thursday\u2019s interest rate rise could well become a stampede after the Bank of England\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137918,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgages-how-to-cope-as-uk-interest-rates-hit-the-roof\/","url_meta":{"origin":134324,"position":1},"title":"Mortgages: how to cope as UK interest rates hit the roof","date":"June 24, 2023","format":false,"excerpt":"\r Options for homeowners and first-time buyers as they face maelstrom in marketFor Britons buying their first home or chasing a new deal the maelstrom in the mortgage market is the stuff of nightmares, with products being pulled right, left and centre, and no end in sight as the Bank\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137172,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgages-nearly-800-deals-pulled-amid-interest-rate-fears\/","url_meta":{"origin":134324,"position":2},"title":"UK mortgages: nearly 800 deals pulled amid interest rate fears","date":"May 30, 2023","format":false,"excerpt":"\r Rates rising for new fixed-term home loans, figures from Moneyfacts showNearly 800 residential and buy-to-let mortgage deals have been pulled during the past few days by UK banks and building societies amid concern surrounding future interest rate rises, data has revealed.The figures from the financial data provider Moneyfacts also\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":146618,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-lenders-slash-mortgages-as-bank-of-england-rate-cut-brings-relief-to-homeowners\/","url_meta":{"origin":134324,"position":3},"title":"UK lenders slash mortgages as Bank of England rate cut brings relief to homeowners","date":"August 2, 2024","format":false,"excerpt":"\r UK lenders have begun slashing their mortgage rates in a sign that financial pressure on households may be easing after the Bank of England cut interest rates\r \r Source : cnbc.com\r Read more...UK lenders slash mortgages as Bank of England rate cut brings relief to homeowners","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":75573,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-approvals-hit-15-month-low-in-november-says-uk-finance\/","url_meta":{"origin":134324,"position":4},"title":"UK mortgage approvals hit 15-month low in November, says UK Finance","date":"January 2, 2018","format":false,"excerpt":"\r British banks approved the fewest mortgages in 15 months in November, when the Bank of England raised interest rates for the first time in more than a decade, industry figures showed last week. Banks approved 39,507 mortgages for house purchase in November, down from 40,417 in October and 5\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123790,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-of-england-plans-to-remove-interest-rate-rule-for-mortgages\/","url_meta":{"origin":134324,"position":5},"title":"Bank of England plans to remove interest rate rule for mortgages","date":"December 14, 2021","format":false,"excerpt":"\r Bank wants to scrap rule that borrowers must be able to afford rate rise of three percentage pointsThe Bank of England has announced plans to ease mortgage lending rules in a move that could help thousands of first-time buyers get on to the property ladder.The central bank said it\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/134324"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=134324"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/134324\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=134324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=134324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=134324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}