approvals forecast to dip by 13%

Mortgage approval

Mortgage approvals forecast to dip by 13% for residential property purchases

The latest mortgage market analysis by specialist property lending experts, Octane Capital , has revealed that the level of mortgage approvals seen across the UK property market is expected to dip in 2022, driven by a -13.4% reduction in buyer demand for residential house purchases.

Octane Capital’s analysis of Bank of England mortgage data estimates where the market will sit come...