Harnett Accontants

Harnett & Co | Chartered Accountants, Kingston upon Thames
Global House Business Centre 1 Ashley Avenue Epsom Surrey KT18 5AD
ICAEW Authorised Practice
01372253100
Accountancy

– Mortgage Slowdown Continues

brings you this report from the BBC Business News website, showing that the number of mortgages being given by banks is still shrinking. The findings show that banks are still rationing their funds following the financial crises, however building societies have been seeing a strong revival in this sector.

💡
Reviewed for 2026/27: All tax figures and HMRC rules in this article reflect current guidance for the 2026/27 tax year.

Key Considerations

“The number of mortgages approved for home buyers, but not yet lent, rose in July, the Bank of England said. There were 47,312 approvals last month, up from 44,124 in June.

However, this was still less than the monthly average of nearly 51,000 approvals recorded in the previous six months. The figures suggest that the banking industry’s rationing of mortgage funds is still continuing.”

If you need help or advice to make sure that your business and your personal finances are operating in the most tax efficient way, please contact and we will arrange a free one hour no obligation consultation. Also you can . Additionally, you can keep reading our daily blogs.

📌 Important: Tax rules change regularly. Always verify current figures at gov.uk/hmrc or speak to a qualified accountant.
📞
Need help with accounting and tax?
Harnett and Co are ICAEW chartered accountants in Kingston upon Thames, Surrey. We give clear, practical advice to businesses and individuals across West London and Surrey. Book a free consultation today.