Mortgage Approvals Drop4 Jan 2025 02:32
“MORTGAGE approvals have fallen at their fastest rate in more than a year after Rachel Reeves’s Budget hammered demand among households.
The number of loans approved to buy homes slumped unexpectedly in November to 65,700, sliding by 2,400 compared to the previous month, according to data from the Bank of England.
The surprise fall was in stark contrast to market expectations, as analysts had anticipated a small rise to 68,500.”
The bad news under this government just keeps coming.