Overview
- Bank of England data show 64,680 mortgages for house purchase were approved in August, down from 65,161 in July.
- Remortgage approvals fell by about 900 to 37,900, and net mortgage borrowing eased to £4.3 billion, roughly £200 million lower than July.
- Households added £5.4 billion to bank and building society deposits in August, while net consumer credit held steady at £1.7 billion.
- Property firms report softer demand for homes priced above £500,000, with some buyers delaying decisions ahead of the autumn Budget.
- HMRC estimates 93,630 UK home sales in August, 2% higher than a year earlier but 2% below July after three consecutive monthly increases.