UK mortgage approvals fall to 32-month low in August
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UK mortgage approvals for home purchases fell to 54,918 in August, the lowest monthly total in 32 months. The report attributes the decline in part to geopolitical tensions pushing borrowing costs higher.
Mortgage approvals for UK home purchases dropped to their lowest level in 32 months during August, as geopolitical tensions contributed to rising borrowing costs. Just 54,918 mortgages for new home purchases were approved, the lowest monthly total since December 2023. The post UK mortgage approvals fall to 32-month low in August appeared first on PropertyWire.
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