Buy-to-let Property News, Finance
BoE: mortgage approvals fall to 54,900 as rates rise
The Bank of England says house-purchase approvals fell to 54,900 in August and remortgaging approvals to 34,000 as new-mortgage rates rose to 4.60 percent.
The Bank of England says house-purchase approvals fell to 54,900 in August and remortgaging approvals to 34,000 as new-mortgage rates rose to 4.60 percent.
Bank of England agents report further softening in residential property markets, with transactions down and sales taking longer before Thursday’s rate decision.
Bank of England data shows buy-to-let made up 8.0 percent of Q2 mortgage advances, its lowest share since 2024 Q3.
Bank of England data shows net mortgage approvals for house purchases rose to 58,200 in June from 56,600 in May, while remortgage approvals climbed to 41,800 but both measures stayed below long-run norms.
Bank of England chief economist Huw Pill says UK interest rates may need to rise over the next year, sharpening landlord refinancing risk ahead of the Bank’s 30 July decision.
The Bank of England says more than five million UK households are now expected to refinance onto higher mortgage payments by the end of 2028, after raising its remortgage-risk projection in the July Financial Stability Report.
Bank of England data shows mortgage approvals for house purchases fell to 56,200 in May, the lowest level since December 2023, as borrowing costs rose…
The Bank of England said new mortgage commitments rose 11.5 percent to £78 billion in the first quarter of 2026 even as gross advances fell 12.3 percent to £69.6 billion, giving landlords a clearer read on lending demand than completions alone.
Bank of England policymaker Megan Greene has warned that interest rates may need to rise within months, putting fresh focus on the 18 June decision and the risk of higher buy-to-let borrowing costs.
Mortgage approvals for house purchases rose to 65,900 in April, up from 63,600 in March, but net mortgage borrowing dropped to £4.4bn from £6.8bn, according…
UK inflation fell to 2.8 percent in April, its lowest level since March 2025, but landlords looking for a quick drop in borrowing costs still…
The Bank of England has held Bank Rate at 3.75 percent, leaving landlords stuck between welcome short-term stability and a longer wait for any meaningful…
The Bank of England’s Financial Policy Committee has warned that 5.2 million borrowers – 58 percent of UK mortgagors – could face higher mortgage repayments…
The Bank of England has kept interest rates at 3.75 percent following its March Monetary Policy Committee meeting, dashing hopes of a spring rate cut…
Mortgage approvals for house purchases fell to 59,999 in January, the lowest level in two years, according to Bank of England data released today. The…