UK Mortgage Approvals Fall to Lowest Level Since 2024
Bank of England data shows mortgage approvals fell to 59,999 in January while consumer credit grew. Lending reached its lowest level since May 2025.
Xurve View
Xurve View
The housing market in the United Kingdom experienced a surprising slowdown at the start of the year, according to the latest data released by the Bank of England. Mortgage approvals for house purchases dropped to their lowest level in two years, signaling a cooling trend that defied market expectations.
