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- The regulator estimates that an additional 356,000 mortgage borrowers could face payment problems by the end of June 2024.
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Net approvals for remortgage also fell from 39,300 in July to 25,000 in August, the lowest level since 2012. The Bank of England has published the latest figures from its monthly Money and Credit Report, which are a gauge of the health of the housing and mortgage market. HSBC’s arrangement fee is lower at 999, compared to 1,295 with Virgin. Figures published by Moneyfacts show that the number of BTL products has grown almost threefold in a year, to 2,581 this month, compared to 988 in October 2022. This month’s figure is also up from the 2,475 BTL deals available in September. The latest data from the Bank of England shows the mortgage and housing market to have dramatically slowed.
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