Mortgage approvals dipped in August

Mortgage approvals for home purchases in the UK fell slightly in August, with 64,680 approvals recorded, down from 65,161 in July, according to Bank of England data. Remortgage approvals also dipped, with around 900 fewer agreements made with different lenders. Analysts suggest the summer holiday period, the end of the stamp duty tax break, and uncertainty ahead of the autumn Budget have dampened buyer activity, particularly at the higher end of the market. Property experts note that rising borrowing costs and broader economic uncertainty are prompting caution among prospective buyers, slowing price growth and leading to more competitive seller pricing. 

Daily Mail (30/09/2025)   The Daily Telegraph (30/09/2025)   The Independent (30/09/2025)   The Times (30/09/2025)