Mortgage Market Review

I was interested to read a report from Esurv Chartered Surveyors advising that in their opinion MMR Regulations have temporarily slowed lending with 13,000 fewer home loans in April than in January and house purchase approvals dropping 6%.

Whilst I am of the view that MMR has had an impact I think that the slowdown in the amount of supply coming on the market has also had an impact, if perhaps a larger impact, on the number of transactions.  I will keep you advised of trends.

Lindsay Darroch
Partner – Head of Property 

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