Related topic: Bank of England

Despite the monthly fall, mortgage approvals remain above their 12-month averages.

A Bank of England working paper published today has stated that brokers encouraging households to choose short fixed-term mortgages, transferring risk from base rate changes from...

The move was widely expected following this week's higher-than-expected wage growth data and inflation figures.

Inflation has increased for the second month in a row.

Rent and mortgage spending grew 8.2% year-on-year in November, as more homeowners rolled off fixed rate mortgages onto higher interest rates.

5% of all mortgages will see payments increase by more than £500 per month.

Mortgage approvals are now at their highest level since the mini-budget in 2022.

Headline inflation reaccelerated in October to the highest rate since April 2024. 

Monthly GDP fell by 0.1% in September, with quarterly growth slowing to 0.1%.

The rules aim to strengthen the resilience of the services that critical third parties provide to firms.