UK Finance shows mortgage approvals dip but could see a late rally
September 27, 2019
Director of Benham and Reeves, Marc von Grundherr, commented:
“Buyer demand for mortgage products has been the one area of the market to remain buoyant in the face of political uncertainty, and while it would seem that even this is starting to fall below expectation, we have seen them at least hover at consistent levels for a number of months now.
While the chances are approval levels will no drop off steadily in the lead up to Christmas, we could see one last rally in October as aspirational buyers take advantage of current rates, in the event that a disorderly exit from the EU results in lenders tightening the purse strings.”
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