UK Mortgage Approvals Dipped in October Amid Tax Rise Fears

Estate agent signs outside residential properties in Guildford, UK — Estate agent signs outside residential properties in Guildford, UK
Photographer: Jason Alden/Bloomberg

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By Irina Anghel and Andrew Atkinson

December 1, 2025 at 9:46 AM UTC

Updated on

December 1, 2025 at 11:10 AM UTC

Demand for home loans fell slightly in October as prospective buyers put decisions on ice amid fears of tax rises targeting the UK property market in the budget.

The number of mortgage approvals dipped to 65,018 from 65,647 in September, the Bank of England said Monday. The figure was nonetheless higher than the 64,500 economists forecast, pointing to underlying resilience.