Demand for Mortgages Fell Ahead of Reeves’ Budget, Survey Shows
Market Intelligence Analysis
AI-PoweredA Bank of England survey indicates a decline in mortgage demand in the UK ahead of the November budget, with further expected drops in the coming three months, despite signs of a recovering housing market.
Market impact analysis based on bearish sentiment with 80% confidence.
Article Context
Demand in the UK for mortgages dropped in the build up to the November budget and is expected to fall further in the coming three months, according to a Bank of England survey, despite other signs that the housing market is picking up.
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