{"id":138978,"date":"2023-08-30T18:38:18","date_gmt":"2023-08-30T11:38:18","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-approvals-fall-to-five-month-low-as-rate-hikes-hit-demand\/"},"modified":"2023-08-30T18:58:53","modified_gmt":"2023-08-30T11:58:53","slug":"uk-mortgage-approvals-fall-to-five-month-low-as-rate-hikes-hit-demand","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-approvals-fall-to-five-month-low-as-rate-hikes-hit-demand\/","title":{"rendered":"UK mortgage approvals fall to five-month low as rate hikes hit demand"},"content":{"rendered":"


\nJuly 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 market and the wider economy.Bank of England figures showed the number of new loans approved but not yet completed decreased from 54,600 in June to 49,400 in July \u2013 a drop of 10%. Continue reading…
\n
\nSource : theguardian.com
\nRead more…UK mortgage approvals fall to five-month low as rate hikes hit demand<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

July is traditionally busy month for home buying but surge in interest rates has begun...<\/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-138978","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-A9A","jetpack-related-posts":[{"id":138572,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-approvals-rise-despite-surge-in-borrowing-rates\/","url_meta":{"origin":138978,"position":0},"title":"UK mortgage approvals rise despite surge in borrowing rates","date":"July 31, 2023","format":false,"excerpt":"\r Surprise jump in demand for home loans as borrowers \u2018scramble\u2019 to get ahead of interest rate increasesAnalysis \u2013 mortgage rates show sign of easingBusiness live \u2013 latest updatesMortgage approvals in the UK rose to their highest level since October 2022 last month amid signs of a scramble to secure\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":77971,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-approvals-slump-in-december-after-pre-rate-rise-rush\/","url_meta":{"origin":138978,"position":1},"title":"UK mortgage approvals slump in December after pre-rate rise rush","date":"January 25, 2018","format":false,"excerpt":"\r Number of approvals for new purchases 21% down on prior year\r \r Source : ft.com\r Read more...UK mortgage approvals slump in December after pre-rate rise rush","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135686,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-approvals-rise-for-first-time-in-six-months\/","url_meta":{"origin":138978,"position":2},"title":"UK mortgage approvals rise for first time in six months","date":"March 29, 2023","format":false,"excerpt":"\r Collapse in demand for property may be bottoming out but no return to boom conditions, analysts sayMortgage approvals rose for the first time in six months in February amid signs that the collapse in demand for property seen last autumn might be bottoming out.Figures from the Bank of England\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119055,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-approvals-rise-to-highest-levels-since-2007\/","url_meta":{"origin":138978,"position":3},"title":"UK mortgage approvals rise to highest levels since 2007","date":"October 29, 2020","format":false,"excerpt":"\r Stamp duty holiday helps to loosen pent-up demand in housing market\r \r Source : ft.com\r Read more...UK mortgage approvals rise to highest levels since 2007","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"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":138978,"position":4},"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":131852,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-approvals-for-october-fall-10-after-mini-budget\/","url_meta":{"origin":138978,"position":5},"title":"UK mortgage approvals for October fall 10% after mini-budget","date":"November 29, 2022","format":false,"excerpt":"\r Homebuyers 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\u2026","rel":"","context":"In "Property 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