US EditionUK mortgage approvals fall to lowest since June 2024, BoE data shows
Mortgage approvals dropped to 61,013 in December, the lowest since June 2024, reflecting slowed market momentum amid tax break expiration and budget-related uncertainties.
- In December 2025, the Bank of England said mortgage approvals for house purchase fell to 61,013, down from 64,072 and lowest since 60,920 in June 2024.
- Experts say momentum should rebuild as uncertainties around last year's autumn Budget ease, with interest-rate decisions in December and likely April cuts expected to stabilise the market this year.
- Remortgaging data show approvals rose by 1,600 to around 38,400 in December, while HM Revenue and Customs recorded around 100,440 home sales, 5% higher than December 2024.
- Quilter mortgage expert Karen Noye warned that both Bank of England and HMRC data show a housing market in a holding pattern, while estate agents report solid inquiries when sellers price realistically.
- Rob Wood, chief UK economist at Pantheon Macroeconomics, predicts approvals may trough in December or January before recovering through 2026 as consumer credit growth holds at 8.2% and credit-card borrowing rises to 12.4%.
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18 Articles
UK mortgage approvals fall to lowest since June 2024, BoE data shows
British lenders approved the fewest mortgages for house purchase in 18 months in December, according to unexpectedly weak figures from the Bank of England on Friday that cast doubt on expectations of an early recovery in the housing market in 2026.
Mortgage approvals in UK fall to lowest since June 2024, BoE data shows
UK mortgage approvals fell to their lowest level since June 2024, raising doubts about a quick recovery in the housing market. December figures from the Bank of England show only 61,013 mortgages were approved, contrary to economist expectations. Discover implications for homebuyers in 2026 and the overall UK economy.
The Independent
Mortgage approvals to home buyers drop to lowest level in year-and-a-half
Finance and property experts said they expect to see momentum rebuilding in the months ahead.
Data casts doubt on expected rapid recovery in UK housing market
Mortgage approvals dip in December as remortgaging increases
Net mortgage approvals for house purchase fell by 3,100 to 61,000 in December 2025, according to the latest Bank of England (BoE) Money and Credit report. Remortgaging approvals rose by 1,600 to 38,400, while net borrowing of consumer credit by individuals fell to £1.5 billion… The post Mortgage approvals dip in December as remortgaging increases appeared first on Mortgage Finance Gazette.
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