---
title: "UK Mortgage Approvals Remain Solid"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/268055176.md"
description: "UK mortgage approvals for house purchases slightly decreased to 65,018 in October 2025, surpassing expectations of 64,200, indicating a gradual housing market recovery amid declining interest rates. Remortgage approvals fell by 3,600 to 33,100. The effective interest rate on new mortgages dropped to 4.17%, the lowest since January 2023, while the rate on outstanding mortgages remained at 3.89% for the third month."
datetime: "2025-12-01T10:07:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/268055176.md)
  - [en](https://longbridge.com/en/news/268055176.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/268055176.md)
---

# UK Mortgage Approvals Remain Solid

Net mortgage approvals for house purchases in the UK fell slightly to 65,018 in October 2025, down from a revised 65,647 in September, but still exceeded market expectations of 64,200.

The data suggest the housing market is continuing its gradual recovery amid declining interest rates.

Meanwhile, remortgage approvals, tracking borrowers switching lenders, dropped by 3,600 to 33,100 in October.

The ‘effective’ interest rate on newly drawn mortgages declined to 4.17% from 4.19% in September, its lowest level since January 2023 (3.88%), reflecting a continued downward trend since March 2025.

The rate on the outstanding stock of mortgages held steady at 3.89% for the third consecutive month.

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