Mortgage approvals bounce back in May

The number of mortgages approved for home purchases in the UK rose to 63,000 in May, an increase of 2,400 from April and the first month-on-month rise of 2025, according to the Bank of England. Remortgaging approvals also increased by 6,200 to 41,500, the highest jump since February 2024. Despite less generous stamp duty relief from April, changes to lenders' affordability assessments and stabilised mortgage rates have supported renewed confidence among buyers. 

Financial Times (30/06/2025)   The Independent (30/06/2025)   The Standard (30/06/2025)   The Times (30/06/2025)