Borrowers gain confidence from Decisions made after Brexit vote
e.surv Chartered Surveyors mortgage monitor for July headline reads ‘Summer mortgage picture remains mixed for borrowers’.
According to the latest Mortgage Monitor from e.surv, the UK’s largest residential chartered surveyor, found that 65,907 mortgage approvals (seasonally adjusted) were issued to buyers during the month. This is 4.9% lower than the number of approvals made in July 2015. more…
Richard Sexton, Director of e.surv, comments: “Whilst summer transactions levels have softened slightly, this can largely be attributed to the markedly high transaction rate earlier this year and the expected summer lull.
“The immediate aftermath of the vote on June 23rd saw lenders and borrowers act with caution, but subsequent policy decisions have been made to restore confidence to the market”.
Read the rest of the comments from Richard Sexton and the e.surv mortgage monitor in full for July click here