Business & Economy
UK mortgage approvals lowest since December 2023 as borrowing costs rise – business live
Source: Business | The Guardian · Published
Rolling coverage of the latest economic and financial news Newsflash: the number of mortgages approved by UK lenders has fallen to its lowest level since the end of 2023. Just 54,918 new home loans were approved in August on a seasonally-adjusted basis, new Bank of England data s
Rolling coverage of the latest economic and financial news Newsflash: the number of mortgages approved by UK lenders has fallen to its lowest level since the end of 2023. Just 54,918 new home loans were approved in August on a seasonally-adjusted basis, new Bank of England data shows, as rising borrowing costs deterred potential home buyers. The average 2-year fixed residential mortgage rate today is 5.93%.
This is up from 5.91% the previous working day. The average 5-year fixed residential mortgage rate today is 5.94%. This is up from 5.93% the previous working day.
Continue reading...
Related stories
Defensive flux gives Tuchel headache but Alexander-Arnold could be remedy | Jacob Steinberg
Chopping and changing the back four has been a big feature for England this year and the Real Madrid man could be a solution England ended 2025 protected by a shield of deceptive strength. They went through qualifying for the World Cup without conceding a goal and secured a shuto
Sport | The Guardian ·
Warning more homes will be uninsurable due to flood risk
Aviva boss Amanda Blanc said England was "for sure" building homes that might be uninsurable at some point in the future.
feeds.bbci.co.uk ·
RBA interest rates: governor Michele Bullock explains decision to lift cash rate to 4.6% – video
The Reserve Bank of Australia has raised its key interest rate to 4.6%, its highest level since 2011. RBA governor Michele Bullock says the global AI boom has 'driven significant price rises' and is contributing to demand in the Australian economy. In a statement accompanying the
Business | The Guardian ·
Did you buy your home using help-to-buy? Tell us about your experience
We’d like to hear from people in England who used the government’s previous equity loan scheme to buy their first home about how it worked out for them The government has announced plans for a new scheme to help first-time buyers purchase a home . The programme, called “Your firs
Business | The Guardian ·
Lime bike profits double as rider numbers surge in England
US-owned firm says average monthly users at UK arm surged to nearly 700,000 with sales up by a third Love them or hate them, Lime ebikes are an increasingly common sight on England’s roads with new figures showing annual profits more than doubling thanks to a surge in riders. Lim
Business | The Guardian ·