Brian Murphy, Head of Lending for Mortgage Advice Bureau comments:
“Reviewing the data released by the Nationwide this morning, it appears that some regions are still seeing active markets offsetting the more difficult conditions in London and the South East, as has been the case for many months now.
Whilst prices have slipped slightly on a headline basis between August and September, average annual growth appears to have hovered around a similar level to last month. However, looking at the performance of the North West, Yorkshire and the Humber, and the East and West Midlands, there are signs of ongoing resilience and localised markets continuing to see growth due to buyer confidence and demand.
Looking back to February this year, when we had anticipated that the UK would be leaving the EU at the end of March, a similar trend was evident, so there are no real surprises here. For those who are moving home currently or who are seeking to remortgage, the competitive borrowing market has seen further reductions from some lenders over the past few weeks, providing further support for buyers and homeowners.”
Read the full Nationwide report by clicking here.