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The number of residential transactions in the UK during December 2022 was 1% lower than a year previous, totalling 108,960, says HMRC. Compared to the month before, November 2022, this non-seasonally adjusted number ran 3% lower. Meanwhile, non-residential transactions, also counted on a non-seasonally adjusted
The number of mortgage approvals for house purchases in November 2022 came to 46,075, shows the latest ‘Bankstats’ data from the Bank of England (BoE). This is the lowest number seen since June 2020, when there were 40,530, and compares to 68,969 approvals made a year previously, in November 2021. “A third
The third quarter of this year saw 1% fewer homeowner mortgages in arrears than in Q2, show new figures from UK Finance. In total, there were 74,440 homeowner mortgages in arrears of 2.5% or more at last count. And of these, 28,910 were in ‘significant’ arrears – defined as being 10% or more of the outstanding
SPF Private Clients chief executive Mark Harris says the Bank of England (BoE)’s base rate increase today could have been worse than 75 basis points if the “Liz Truss government prevailed”. At midday, the BoE revealed it was increasing the interest rate to 3%, which marks the biggest since 1989 and the eighth time
The number of lending approvals for house purchases fell from by 7,633 to 66,789 in September, new figures from the Bank of England (BoE) show. Consequently, the value of purchase approvals fell during the same monthly period, from £17.6bn to £15.9bn. The previous six-month average for this metric is £15.8bn. On the