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Lenders last month approved the lowest number of mortgages since January, according to figures from the Bank of England.

Just 43,328 home loans for house purchases were signed off in September – a third consecutive monthly decline.

Net approvals for remortgaging fell to 20,600 – the lowest total since January 1999.

The figures reflect the impact of rising interest rates, imposed by the Bank since December 2021, to battle inflation.

Separate figures showed continued caution among consumers for unsecured credit amid the evolving cost of living crisis.

Net borrowing fell to just under £1.4bn last month.

The sum had stood at £1.7bn in August.

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Higher mortgage costs are part of the Bank’s strategy to help bring inflation down but there are concerns that its actions to date risk tipping the economy into recession.

Bank rate stood at 0.1% in late 2021 but it is now at 5.25%.

Policymakers held off on a hike to 5.5% in September and financial markets and economists largely expect that position to be maintained at the rate-setting meeting due this week.

That is because all the latest signs point to a continued easing in inflationary pressures in a flatlining economy – with the impact of the rate hike cycle yet to be fully felt.

It is for that reason that the Bank’s updated forecasts for the economy will be closely scrutinised on Thursday.

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Sept: ‘We cannot be complacent’

Any warning of a possible recession ahead could be seen as a potential own-goal; that the Bank went too far in its interest rate push, risking an unnecessary spike in unemployment.

Commenting on the impact on the housing market, financial adviser at MortgageShop.com Gary Bush said: “These dire mortgage approval figures from the Bank of England were always on the cards.

“The sentiment surrounding the mortgage and property market isn’t especially strong right now and these figures reflect that.

“The remortgage numbers highlight very clearly how many people have no choice but to stay with their existing lender due to affordability reasons.

“However, October has seen things pick up slightly, due to the lower fixed rates now on offer, as lenders compete for market share in a starved market.

“We are hoping, or rather praying, for no new crisis to appear on the horizon, whether economic, financial or fiscal, but it seems that one always manages to rear its ugly head. A calm end to 2023 is what’s needed,” he concluded.

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Lucy Letby’s father ‘threatened guns to my head’ during meeting, hospital boss tells inquiry

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Lucy Letby's father 'threatened guns to my head' during meeting, hospital boss tells inquiry

Lucy Letby’s father threatened a hospital boss while the trust was examining claims that the neonatal nurse was attacking babies in her care, an inquiry has heard.

Tony Chambers, the former chief executive of the Countess of Chester Hospital, described how Mr Letby became very upset during a meeting about the allegations surrounding his daughter in December 2016.

Mr Chambers led the NHS trust where neonatal nurse Letby, who fatally attacked babies between June 2015 and June 2016, worked.

It was the following year in 2017 that the NHS trust alerted the police about the suspicions Letby had been deliberately harming babies on the unit.

“Her father was very angry, he was making threats that would have just made an already difficult situation even worse,” Mr Chambers told the Thirlwall Inquiry.

“He was threatening guns to my head and all sorts of things.”

Earlier, Mr Chambers apologised to the families of the victims of Letby, but said the failure to “identify what was happening” sooner was “not a personal” one.

He was questioned on how he and colleagues responded when senior doctors raised concerns about Letby, 34, who has been sentenced to 15 whole-life terms for seven murders and seven attempted murders.

Mr Chambers started his evidence by saying: “I just want to offer my heartfelt condolences to all of the families whose babies are at the heart of this inquiry.

“I can’t imagine the impact it has had on their lives.

“I am truly sorry for the pain that may have been prolonged by any decisions that I took in good faith.”

He was then pressed on how much personal responsibility he should take for failings at the trust that permitted Letby to carry on working after suspicions had been raised with him.

“I wholeheartedly accept that the operation of the Trust’s systems failed and there were opportunities missed to take earlier steps to identify what was happening,” he said.

“It was not a personal failing,” he added.

“I have reflected long and hard as to why the board was not aware of the unexplained increase in mortality.”

Read more:
Lucy Letby likely murdered or attacked more children, doctor tells inquiry
Lucy Letby: Nursing boss tells inquiry she had ‘best intentions’

Mr Chambers also said he believed the hospital should have worked more closely with the families involved, saying “on reflection the communications with the families could have and should have been better”.

The Thirlwall Inquiry is examining events at the Countess of Chester Hospital, following the multiple convictions of Letby.

Earlier this week her former boss, Alison Kelly, told the inquiry she “didn’t get everything right” but had the “best intentions” in dealing with concerns about the baby killer.

Ms Kelly was director of nursing, as well as lead for children’s safeguarding, at Countess of Chester Hospital when Letby attacked the babies.

She was in charge when Letby was moved to admin duties in July 2016 after consultants said they were worried she might be harming babies.

However, police were not called until May 2017 – following hospital bosses commissioning several reviews into the increased mortality rate.

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Man and woman charged after injured baby boy taken to hospital in critical condition

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Man and woman charged after injured baby boy taken to hospital in critical condition

Police have charged a man and a woman with serious assault after an injured and unresponsive baby boy was taken to hospital.

Merseyside Police say the baby was found at a house in Seacombe, Wirral, on Sunday.

Officers were called to reports of concern for a child at a property on Percy Road at around midday, the force said.

The boy was taken to hospital, where injuries were found on his body.

His condition was described as “critical”.

Klevi Pirjani, 36, and Nivalda Santos Pirjani, 33, both of Seacombe, have been charged with causing grievous bodily harm and wounding with intent.

They were remanded into custody to appear at Liverpool Magistrates’ Court on Wednesday.

They were then further remanded to appear at Liverpool Crown Court on 23 December.

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£50,000 reward offered in hunt for rare early Scottish coins stolen in 2007

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£50,000 reward offered in hunt for rare early Scottish coins stolen in 2007

A £50,000 reward is being offered over the unsolved theft of a batch of early Scottish coins that were stolen 17 years ago.

More than 1,000 coins from the 12th and 13th centuries were taken from the home of Lord and Lady Stewartby in Broughton, near Peebles in the Scottish Borders, in June 2007.

The stolen haul spans a period of almost 150 years, from around 1136 when the first Scottish coins were minted during the reign of David I up to around 1280 and the reign of Alexander III.

The late Lord Stewartby entrusted the remainder of his collection to The Hunterian Museum at the University of Glasgow in 2017, but the missing coins have never been found.

A £50,000 reward is being offered over the unsolved theft of a batch of early Scottish coins that were stolen 17 years ago. Pic: Crimestoppers
Image:
Pic: Crimestoppers Scotland

A £50,000 reward is being offered over the unsolved theft of a batch of early Scottish coins that were stolen 17 years ago. Pic: Crimestoppers
Image:
Pic: Crimestoppers Scotland

Crimestoppers announced its maximum reward of £20,000 – which is available for three months until 27 February – in a fresh appeal on Wednesday. An anonymous donor is helping to boost the total reward amount to £50,000.

It is hoped it will prompt people to come forward with information which could lead to the recovery of the missing treasures and the conviction of those responsible for the crime.

A £50,000 reward is being offered over the unsolved theft of a batch of early Scottish coins that were stolen 17 years ago. Pic: Crimestoppers
Image:
Pic: Crimestoppers Scotland

A £50,000 reward is being offered over the unsolved theft of a batch of early Scottish coins that were stolen 17 years ago. Pic: Crimestoppers
Image:
Pic: Crimestoppers Scotland

Angela Parker, national manager at Crimestoppers Scotland, said Lord Stewartby’s haul was the “best collection of Scottish coins ever assembled by a private individual”.

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Jesper Ericsson, curator of numismatics at The Hunterian, described the medieval coins as smaller than a modern penny.

He added: “Portraits of kings and inscriptions may be worn down to almost nothing and the coins might be oddly shaped, perhaps even cut in half or quarters.

“You could fit 1,000 into a plastic takeaway container, so they don’t take up a lot of space. They may look unremarkable, but these coins are the earliest symbols of Scotland’s monetary independence.

“They are of truly significant national importance. Their safe return will not only benefit generations of scholars, researchers, students and visitors to come, but will also right a wrong that Lord Stewartby never got to see resolved before he died.”

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A £50,000 reward is being offered over the unsolved theft of a batch of early Scottish coins that were stolen 17 years ago. Pic: Crimestoppers
Image:
Angela Parker, national manager at Crimestoppers Scotland, and Jesper Ericsson, curator of numismatics at The Hunterian. Pic: Crimestoppers Scotland

Mr Ericsson pleaded with whoever has the coins to “return them to where they belong”.

He added: “Give Scotland back its coins.”

Lady Stewartby said her husband, who was a renowned numismatist, was just five-years-old when he was given his first Scottish coin.

She added: “Over the next 50 years, he put together a collection which included some of the earliest Scottish coins.

“Lord Stewartby told me and our children that they represented Scotland’s history at a time when few people had access to books or pictures.”

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