In December 2017 , UK banks approved 36,115 mortgages, equating to £ 9.92bn ($ 9.92bn ) in lending, the lowest figures for November , according to industry analysts. However experts said it was too soon for that to have made a difference. It is thought some buyers were put off by the Bank of England's November decision to raise interest rates to 0.5% , while insiders say it is too soon to determine what impact the reduction in stamp duty will have on the first -time buyers sector.
In December 2017 , UK banks approved 36,115 mortgages, equating to £ 9.92bn ($ 9.92bn ) in lending, the lowest figures for November , according to industry analysts. It is thought some buyers were put off by the Bank of England's November decision to raise interest rates to 0.5% , while insiders say it is too soon to determine what impact the reduction in stamp duty will have on the first -time buyers sector.