BRIEF
Bank of England data shows approvals for house purchases declined to 54,900 in August as borrowing costs rose.
Key context
UK mortgage approvals fell to 54,900 in August, their lowest level since December 2023, while newly drawn mortgage rates increased to 4.6%, Bank of England data showed.
- Section
- Economy & Business
- Format
- BRIEF
- Published
- Sep 29, 2026, 11:22 AM
The number of UK mortgages approved for house purchases fell to 54,900 in August, down from 55,900 in July and the lowest level since December 2023, according to the Bank of England’s latest money and credit data.
