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2025-10-29 17:39:56
[UK Housing Market Defies Trend, Mortgage Approvals Hit 10-Month High] ⑴ UK mortgage approvals reached 65,944 in September, the highest monthly figure since December last year. ⑵ This figure significantly exceeded the median forecast of 64,000 economists surveyed. ⑶ Net mortgage lending increased by £5.489 billion in September, significantly higher than the expected £4.1 billion. ⑷ Net consumer credit increased by £1.491 billion, roughly in line with market expectations of £1.5 billion. ⑸ M4 money supply grew by 0.6% month-on-month, indicating that market liquidity remains stable and expanding. ⑹ Mortgage approvals grew at their fastest pace in nearly 10 months, a stark contrast to recent cautious signals in the housing market. ⑺ The data release comes on the eve of Chancellor Rachel Reeves' budget announcement, injecting a positive signal into the UK housing market.
