Main image: Mortgage lending (seasonally-adjusted flows), via the Bank of England
Mortgage approvals dropped ‘significantly’ as rates rose last month
It's 'not yet an unambiguous sign of a housing market slowdown', insists Knight Frank.
What to read next
Mortgage approvals drop to lowest level since June 2020
Fewer house purchase mortgages were approved in November 2022, as interest rates climbed.
Mortgage lending slumps as interest rates rise
The latest Bank of England data shows a sharp drop in mortgage lending and mortgage approvals in the aftermath of the short-lived mini-Budget.
House purchase mortgage approvals on track to fall by 13%
'We expect to see mortgage approvals for house purchases take a notable dip come the end of this year,' says Octane Capital after checking BoE data.
Most read
Savills completes £170mn townhouse run at Chelsea Barracks
Contracts exchanged on £40mn Banda-designed residence, rounding out sales at Mulberry Square.
‘The penny has dropped’: London’s supply of supersized apartments is drying up
‘Signs of urgency’ emerge around the capital’s top schemes as new figures reveal how Westminster’s size limit is reshaping the super-prime landscape.
‘New strategy’ drawn up for 15,000 sq ft Belgravia trophy
Three-building spread could be transformed into one of PCL’s most valuable private residences.
Super-prime Kensington development launch draws over 150 agents
In Pictures: London’s prime property crowd gets first look inside REDD’s newly completed One Palace Green.
US brokerage giant launches global division for cross-border property deals
Compass rolls into international markets including the UK with new agent network.
Picky buyers & patchwork performance: The state of Prime Central London in 2026
Fresh data and charts reveal differing fortunes across the capital’s luxury property heartlands - and offer some pointers as to what happens next.
Agency reports biggest month for country house exchanges since 2022
After a dry few years, Strutt & Parker heralds 'a return of confidence in decision making for both buyers and sellers.'
Social Circuit: LA London toasts 45 years at end-of-summer party
More than 200 property and design names gathered on the architect’s London Bridge rooftop for its annual industry bash.
£18mn Hampshire estate comes with its own indoor riding school
Agency brings recently-built 12,615 sq ft mansion in 152 acres to market.
Berkeley calls for stamp duty overhaul as cautious buyers hold fire
London development giant wants 1% SDLT cap for first-time buyers and downsizers - and the investor surcharge scrapped altogether.
LATEST ARTICLES
Strutt & Parker broker ranks hit double figures
Veteran St John’s Wood agent becomes tenth member of recently-launched brokerage division as heritage firm targets further Prime London expansion.
London super-prime sales haul jumps 72% despite global slowdown
Knight Frank tracked a 'flurry of remarkable sales' in London during Q2, but US$10mn+ transaction volumes dipped slightly.
Domestic buyers drive flurry of £5mn-plus deals in Kensington
Agency reports clutch of high-end sales as local families home in on 'good quality, sensibly priced' stock.
My Property Career: Quickfire Q&A with Hamptons’ Canan Wood
Recruitment guru Barry Collins chats with prime resi industry leaders & entrepreneurs, distilling decades of experience & career highlights into 60 seconds.
Moveli nears 100-broker mark with latest Savills recruit
Another well-known regional agent makes switch to self-employed broker model.