Mortgage approvals saw ‘significant’ jump in March
The latest Bank of England mortgage statistics illustrate the property market's 'convincing rebound', says Knight Frank, while Savills suggests the March data 'reflects an increasingly stable and competitive mortgage market.'
Mortgage approvals jump to highest number since 2009
95,126 mortgages were approved by the main high street banks in July 2019; the highest monthly total since July 2009
Mortgage approvals rise for the first time since August
But approvals are still running a third below their pre-pandemic average.
Mortgage borrowing falls from a record high, but approvals rise
The Bank of England reports that net mortgage borrowing fell from a record £11.5 billion in March to £3.3 billion in April.
Most read
Boutique private office appoints Beauchamp’s Finch to lead property division
Paul Finch has joined Liberty Rock after nearly 20 years with super-prime agency Beauchamp Estates.
‘About 50% of what I do is off-market’: Alex Christian of Savills Private Office on navigating London’s luxury property stratosphere
Discussing landmark deals, world-class developments & the vital role of discretion with one of the key players in super-prime real estate.
Manchester penthouse sets new price record
UK buyer shells out £3mn for marquee unit at Salboy's Viadux scheme in 'landmark' deal.
Rise of the Broker: How the business of prime London agency has changed since 2000
Alexandra Goss charts the changing face of luxury property agency over the last 25 years, from the mainstreaming of buying agents & the introduction of private offices, to the rise of independent brokers.
Strutt & Parker installs new Managing Director & Head of Marketing
Gary Higgins & Tamerah Couchman have been recruited to lead the BNP Paribas-owned property firm through its 'next phase of growth'.
London Square readies new boutique scheme in Brook Green
The developer picked up the former school site as part of its major acquisition spree last year.
In Pictures: Revamped Regent’s Park townhouse ‘redefines what it means to live in a period property’
Super-prime design firm Elicyon has transformed an historic Grade II listed building into a 'deeply personal' modern home for an international family.
Domestic buyers seizing unprecedented opportunities in Prime London, says agency
British purchasers now make up over 40% of Black Brick's client base, up from 25% last year.
First Look: Debut show flat unveiled at heritage-led scheme on Mayfair’s Hertford Street
The first completed unit at 36 & 37 Hertford Street Residences pairs restored Georgian architecture with layered interiors by A.London
Savills flags ‘historic value’ across prime London & regional markets
Some wealthy buyers 'seize opportunity' as property prices fall.
LATEST ARTICLES
‘A subtle but important shift’: How the South Bank became London’s prime new-build hub
Knight Frank's Head of Residential Development Research explores how a disruptive period of resi development activity has reshaped London's luxury property map.
First Look: Debut show flat unveiled at heritage-led scheme on Mayfair’s Hertford Street
The first completed unit at 36 & 37 Hertford Street Residences pairs restored Georgian architecture with layered interiors by A.London
OnTheMarket owner CoStar names new Europe chief
Alexa-Maria Rathbone Barker is now in charge of operations in the UK & leading a 'strategic growth plan' across Europe.
Fine & Country expands into Poundbury
Shay McNulty is leading an eight-strong team in South Dorset.
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PrimeResi's regular stock check, powered by LonRes.