Brian Murphy, Head of Lending for Mortgage Advice Bureau comments:
“Reviewing the data released by the Nationwide this morning, one might suggest it’s a case of ‘no news is good news’. With no change on a monthly basis, and only a very modest level of average growth annually, whilst it may seem on face value that there’s little cause for celebration based on these numbers, the point perhaps is that at a headline level, values appear to be remaining steady for now. Of course, the pattern of regional divergence continues, with anecdotal reports of some areas of the UK experiencing busier-than-usual conditions over the last month. For those who are moving home – or indeed remortgaging – at the moment, the ongoing competitive borrowing market has seen even further reductions in product pricing over the summer, providing further support for buyers and homeowners.”
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