Mortgage approvals for March

May 1, 2015

U.K. mortgage approvals unexpectedly fell in March, probably due to consumers being wary of purchasing a new home in the months before the general election.

Approvals fell to 61,341 from 61,523 in February, the Bank of England reported today. Economists had forecast an increase to 62,400.

With a less than a week until the general election, prospective British house buyers are probably  holding back to see the outcome. Voter opinion polls show no major party will win an outright majority, leaving unclear whether Prime Minister David Cameron’s Conservatives or Ed Miliband’s Labour Party will take office.

Ed Miliband has pledged not to do a deal with the SNP in any way whatsover, that was again confirmed on BBC TV last night in the leaders debate, lets see if he holds to the promise as without their support it appears unlikely he would be able to form a Government

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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