12-Year High in Mortgage Applications Leaves Banks Struggling

Mortgage availability shrinks
(Image credit: getty images)

Banks are struggling to cope with demand for mortgages following the housing market boom over the summer, experts report. 

Halifax has announced that mortgage applications are now at a 12-year high, with competition to access deals increasing among first-time buyers, home movers and those looking to buy before renovating a house

Jack Woodfield
News Editor

Jack has worked in journalism for 11 years and was the News Editor for Homebuilding & Renovating from 2019 until the beginning of 2023. He strives to break the most relevant and beneficial stories for self builders, extenders and renovators, including the latest news on the construction materials shortage and hydrogen heating. In 2021 he appeared on BBC's The World at One to discuss the government's planning reforms. 

He enjoys testing new tools and gadgets, and having bought his first home in 2013, he has renovated every room and recently finished a garden renovation.