Mortgage Approvals Are Up - Buyers in the Wirral Aren’t Waiting Around

Here’s some news that will make anyone thinking about a new home in the Wirral sit up: mortgage approvals jumped in September, hitting the highest level since December 2024. According to the Bank of England, lenders approved 65,944 mortgages - a number higher than what most economists expected.

Even with rumours of new taxes on property and home ownership in the November budget, buyers aren’t hitting pause. People are still borrowing, spending, and getting their mortgages sorted. In fact, consumer credit grew by £1.49 billion in September, keeping the annual growth rate at 7.3%, the fastest since October 2024. And retail sales surprised everyone by climbing 0.5%, showing that Brits are still willing to spend.

So what does this mean if you’re looking to buy or remortgage in the Wirral? For starters, lenders are actively approving applications. Whether you’re a first-time buyer in Heswall, upgrading your home in West Kirby, or remortgaging in Birkenhead, there’s momentum in the market. Waiting too long could mean missing out, or facing higher costs if tax changes come in.

Economists are cautiously optimistic. Alex Kerr from Capital Economics points out that while spending and borrowing look set to grow in the coming months, potential tax hikes on households could slow things down in 2026. Basically, if you’ve been sitting on the fence, now might be the perfect time to explore your options.

At NG Mortgages, we make this simple. We cut through the jargon, handle the paperwork, and make sure you understand exactly what’s happening with rates, approvals, and fees. Buying a home or remortgaging shouldn’t feel stressful - it should feel like a smart move.

So if you’re thinking about your next step in the Wirral property market, don’t wait. Lenders are saying yes, buyers are active, and your dream home could be closer than you think.