
Residential Mortgages
Mortgage approvals drop as buyers await Budget – Yopa
The latest total of 54,918 approvals was 15.5% below the 65,021 recorded in April.

The latest total of 54,918 approvals was 15.5% below the 65,021 recorded in April.

Emma Morris said: "In my experience, it isn’t rates or the Budget alone that slow a home move down... it’s the technical work behind the scenes."

Craig Hall said: "While this is great news for the industry, there is a risk that first-time buyers who are ready to buy now will hold off until they know how the scheme works."

With the Budget taking place on 28th October, research revealed widespread concern among landlords about the cumulative impact of tax and regulatory changes.

The Your First Home scheme is set to be confirmed at next month’s Budget, when further details on its cost and implementation timetable will be announced.
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