As many of us return to work from our much needed holidays, we are seeing some intriguing data and noteworthy developments in the mortgage sector.
According to the latest figures from the Bank of England, there has been a nearly 10% decline in mortgage approvals in the past month alone.
This has coincided with multiple lenders reducing interest rates and relaxing lending criteria. HSBC for example is now offering 40-year mortgages to a variety of applicants, including first-time buyers and buy-to-let landlords.
And Barclays, Halifax, Nationwide and NatWest are among other major lenders to have cut their fixed-rate loans over the last three weeks.
Could these developments indicate a broader shift in the industry, perhaps signalling that lenders are increasingly open to doing business under more flexible terms?