Mortgage approvals dip – industry reaction
Original Article Summary
Buyers were deterred by uncertainty ahead of the Budget
PropMatch Curated Analysis
UK mortgage approvals fell to 65,000 in October due to Budget uncertainty, but experts predict market recovery in early 2026 as tax threats on £500k-£2m properties have been lifted.
Investor Relevance
Shows transaction volumes returning to five-year averages, indicating normalizing market conditions. Budget uncertainty period has passed, suggesting better acquisition and refinancing opportunities ahead, particularly for properties £500k-£2m range where tax threat removed.
Original Source:
Property Industry EyeStay Updated
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