# UK mortgage approvals fall to lowest since 2023 as borrowing costs rise

https://mins.news/en/item/120849

- Reuters, 2026-10-29 13:40 UTC
- Economy
- Original: https://www.reuters.com/world/uk/uk-lenders-approve-fewest-mortgages-since-2023-borrowing-cost-rises-2026-10-29/?link_source=ta_bluesky_link&taid=6ae34cbf53aa080001e54a3a

> British lenders approved fewer mortgages last month than in any month since December 2023, as higher borrowing costs weakened demand. Unsecured household lending, however, recorded its sharpest annual rise since 2018.