February Rise in Mortgage Approvals Is ‘Snapshot of What Could Have Been’

February rise in mortgage approvals is ‘snapshot of what could have been’

Bank of England figures show home buyer mortgage approvals increased in February, but mortgage rates have been volatile since. Mortgage approvals for home buyers picked up to a three-month high in February, according to Bank of England figures. Some 62,584 mortgages were approved for home purchases in February, marking the highest monthly figure since November 2025, when 64,501 approvals were made. Approvals for remortgaging, which only capture …

Housing Hope or Warning? Mortgage Jump Meets Rate Fear

Mortgage approvals rise to 62,600 in February, beating expectations Rate cut hopes fade as inflation risks return Housing market slowdown expected in the coming monthsThe UK housing market showed signs of strength heading into February, with mortgage approvals rising more than expected. Data from the Bank of England shows 62,600 home loans were approved during the month, up from a revised 60,200 in January and ahead of market forecasts.At that p…

UK mortgage market shows resilience amid rising rates

The latest Bank of England Money and Credit data paints a nuanced picture of the UK housing market. While net borrowing rose to £4.8bn, signalling continued buyer activity, mortgage approvals remain below trend, highlighting a market that is active but increasingly selective. Industry experts note below that demand persists, but borrowers are acting more deliberately, weighing affordability and timing before committing. For brokers, these condit…

Mortgage approvals bounce back after two-year low

Mortgage approvals have bounced back after slumping to a two-year low last month, suggesting the property market was regaining momentum before the Iran war shocked global markets. The number of approved mortgages for house purchases increased to 62,600 in February, up from the two-year low of 60,200 in January, according to the Bank of England. The jump in mortgage approvals came before the confidence shock caused to the property market by the I…

Mortgage borrowing rises to £4.8bn in February as approvals edge up

The latest Money and Credit report showed that net mortgage approvals for house purchases rose to 62,600 in February from 60,200 in January.

Borrowing rises to £4.8bn in February: BoE

Net borrowing of mortgage debt by individuals increased to £4.8bn in February, from £4.2bn in January, the Bank of England Money and Credit data reveals. The rise is February is also above the previous six-month average of £4.5bn. Data also shows that net mortgage approvals…The post Borrowing rises to £4.8bn in February: BoE appeared first on Mortgage Strategy.