Mortgage Approvals: A Positive Indicator

It’s Market Update week – this is your chance to catch up on all the essential news from the property market. 

And if you missed the news on last week’s episode – we're crowdfunding! If you’ve not yet pre-registered for that, head over to this page, have a nosey at the details and pop your details down to pre-register.  

In today’s Market Update episode, you can expect: 

• 3:30 – Bank of England - no recession (hurrah!)  
• 6:18 – Bank failures: is it a sign? Is a crash coming? What’s the data saying? 
• 9:50 – Mortgage payments: where are they most stretched?  
• 11:40 – Rental yields: what’s happening?  
• 16:37 – Mortgage approvals and consumer confidence 
• 19:05 – The Rental Reform Bill – an update

Links mentioned: 

• Interest rate rise: Bank of England more hopeful on UK economy 
• Nationwide shows 0.8% decline in last month 
• Zoopla shows rents up 20% in 3 years, and no immediate sign of slowdown 
• 50% of rented properties have had a rent increase in the last year, compared to 36% the previous year. Highest in London (66%) 
• The number of mortgage approvals increased last month for the first time since August 
• The Rental Reform Bill will finally start its journey through parliament in a couple of months 

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