Mortgage approvals fall to 56,100 in July as net lending drops to £4.3bn
Net mortgage borrowing fell to £4.3bn in July from £7.7bn in June, with house purchase approvals at 56,100 against a six-month average near 60,800 — Bank of England data published 1 September. Approvals lead completions by around three months, so autumn transactions look thinner. For sellers that means fewer competing buyers per listing; for buyers, more negotiating room. One month is not a trend, and remortgage approvals rose to 34,500.
What this means for…
Buyers· 2/3
Sellers· 3/3
Wider market· 3/3
Each axis scored 1 (minor) to 3 (major). Total 8/9.
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12 Oct 2026 · Impact 4/9
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