Propertymark CEO Nathan Emerson comments on the latest monthly Money and Credit statistical release on broad money and credit, lending to individual, and lending to businesses from the Bank of England.
Sirs,
It is incredibly positive news to see an increased number of mortgage applications approved.
It is one of the loudest signals of them all regarding consumer affordability, and it is also a massive vote of confidence from lenders in the longer-term prospects of the economy too.
As we head into the summer months, we have witnessed on average the number of viewings per property available see an uplift of around 30 per cent compared to the month previous.
On top of this, we have also seen the UK Government make a pledge to create a National Housing Bank which could bring significant investment to help build 500,000 new homes, enabling a potential greater degree of flexibility for those who aspire to buy.”
Nathan Emerson
Chief Executive Officer
Propertymark
