29th November 2019

People are still buying homes, despite the political paralysis, says Benham and Reeves

The latest figures from UK Finance show that mortgage approvals were marginally lower than expectations and down month on month at 41.2k. Commenting, Marc von Grundherr, Director of Benham and Reeves, said:

“Buyer demand in the way of mortgage approvals has remained consistent despite wider market uncertainty but these certainly aren’t the worst set of figures considering the wider landscape and the seasonal influence that slows the market in the lead up to Christmas.

“The good news is that people are still buying homes despite the political paralysis we’ve been subjected to in recent months and while we may have a long winter ahead, there are plenty of positives to take.”