Mortgage lending dips but approvals rise
The property market is "rife with nerves", says Knight Frank Finance after looking at the latest BoE mortgage numbers.
Mortgage approvals drop as higher interest rates start to bite
The number of home-buyer mortgage approvals has fallen below the pre-pandemic average, according to the Bank of England. “Higher interest rates are starting to bite," says Savills.
Mortgage lending rises back above pre-pandemic levels
Net borrowing of mortgage debt by individuals increased to £7.4bn in May from £4.2bn in April, according to the Bank of England's Money & Credit data. This is above the pre-pandemic average of £4.
Mortgage lending drops, ‘confirming that the froth has come out of the market’
The average mortgage value was £235,474 in February - a significant 4.6% higher than the previous month, and 10.4% up one the year.
Most read
High-end sales surge in London amid post-Budget clarity
Latest data shows £5mn-plus exchanges jumped 29% in Q4, although prices continued to slide across the capital's top postcodes.
Native Land lines up next super-prime play with Belgravia acquisition
Rare half-acre freehold secured for amenity-rich luxury resi scheme designed by Pilbrow & Partners.
Strutt & Parker bolsters country house team with high-level hire in the South West
Sarah Brown has moved from Knight Frank, becoming the latest in a run of senior appointments by the BNP Paribas-owned agency.
Interview: Mark Harvey on the strategy behind Knight Frank’s next phase of global growth
The agency’s international chief discusses doubling down on key wealth hubs, reshaping partnerships and targeting new lifestyle markets - plus why London remains at the top of the global property map.
US & Caribbean construction firm enters UK’s super-prime market
Remian acquires high-end specialist Rossco and sets up London HQ.
Knight Frank maps out ‘highly targeted’ expansion across key global hubs
Focus will be on 'expanding thoughtfully in the markets that matter most to our clients', says property firm's head of international.
‘The opportunity is clear’: A luxury developer’s view of the prime resi market in 2026
REDD's Russell Smithers on the return of confidence, quality and long-term thinking.
My Property Career: Quickfire Q&A with Gary Hersham
Recruitment guru Barry Collins chats with prime resi industry leaders & entrepreneurs, distilling decades of experience & career highlights into 60 seconds.
Albion Nord appoints two new Creative Directors
The London-based interior design studio is expanding across the UK and overseas.
Griskin brothers team up to advise HNW buyers
Indie buying agency specialises in international & Russian-speaking private clients.
LATEST ARTICLES
Revealed: The UK’s top-performing prime rental markets in 2025
South West London neighbourhoods led the way as outer commuter belt markets also outperformed.
‘The opportunity is clear’: A luxury developer’s view of the prime resi market in 2026
REDD's Russell Smithers on the return of confidence, quality and long-term thinking.
Savills Middle East names new COO for fast-growing resi arm
Fay Lloyd takes on senior operating role as agency targets further expansion across the region.
Savills lines up three-site Cambridge move as it departs long-standing base
Firm to relocate 170 staff from Unex House to three new offices across the city.
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes