Comment on CML Characteristics of lending in London, Q1 2015
Tue 26 May 2015
Peter Rollings, CEO of Marsh & Parsons, comments: "The usual furious flow of mortgage lending was interrupted in the first three months of this year, as it calmed down from the heady heights of 2014, and the General Election loomed.
"But cheaper mortgage rates are now making waves in the market, and with the wealth of products now available, we can expect this to ripple out into a stronger summer of lending. As the Queens speech stamps a seal of approval on the new government, there is a new wind in the sails of buyers propelled by political certainty, greater choice of homes on the market, and incentives like reduced stamp duty and Help to Buy support schemes at the lower rungs of the ladder."