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UK mortgage demand drops to 32-month low as Iran war drives up borrowing costs

29 Sept 2026, 13:11 UTC · 1 source
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🚨 UK MORTGAGE DEMAND FALLS TO 32-MONTH LOW Demand for UK mortgages slumped in August. The Bank of England said 54,918 mortgages for new home purchases were approved that month, the lowest monthly total since December 2023. Moneyfacts said the average five-year fixed mortgage interest rate hit 5.94%, its highest since October 2023. Source: The Guardian #UK #Iran

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