The 2009 week figures demonstrated that house cost inflation dropped dramatically in This summer.

“It’s difficult to see whether these figures reflect an initial uncertain response to the referendum election, or are an indication of an industry that was already cooling,” stated Paul Smee, the director general from the Council of Mortgage Brokers.

They lent £4.4bn, a small amount of 19% around the figure for June. However, lending for the reason that month was extremely high.

Data in the Office for National Statistics (ONS) recommended house prices rose by 8.3% in This summer, in comparison to 9.7% in June.

Home-proprietors lent £10.6bn in This summer – 13% under they did in June, based on the Council of Mortgage Brokers (CML).


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