Demand for Mortgages Fell Ahead of Reeves’ Budget, Survey Shows

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A 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

Market impact analysis based on bearish sentiment with 80% confidence.

Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term

Article Context

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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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Original article published by Bloomberg on January 15, 2026.
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