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Money & Credit reaction from Bluestone Mortgages
29 November 2024
Mark Hollands, Head of Sales and Distribution, Bluestone Mortgages, comments on today’s Bank of England Money and Credit statistics: "It's very welcome news to see mortgage approvals rose in October despite uncertainty surrounding the Autumn Budget and a dip in consumer confidence.
“However, with swap rate volatility causing lenders to reprice their rates we may see a more cautious approach from borrowers in the months ahead. For those worried about affordability in the current environment, speaking with a mortgage broker is a sensible first step. These professionals can guide you through the complexities of the market and help find a mortgage to suit your unique circumstances.”
