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Mortgage Advice Bureau (Holdings) Plc

Sunshine sells houses as market remains resilient over summer

Mortgage Advice Bureau National Mortgage Index – August 2018

Brian Murphy, Head of Lending for Mortgage Advice Bureau comments:

“Despite one of the best summers we’ve had for over forty years – which in itself has been a pleasant distraction for many – coupled with the start of the school holidays, activity in the UK housing market continued to tick over nicely in July. Transaction levels, as reported by HMRC, although slightly lower than last year, maintained their momentum from June, and buyers were still out in force in many regions, as was evidenced by recorded house price growth from both the Halifax and Nationwide House Price Indices.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.