Market Comment

Adrian Coles, director general of the BSA comments: “Mortgage lending by mutuals was slightly higher in May than in April, but confidence in the housing market remains relatively subdued. The BSA’s June Property Tracker survey found that just 45% of people thought now was a good time to buy, due to concerns about the uncertain economic outlook and in their ability to raise a deposit. As such, lending activity is likely to remain at similar levels in the months to come.”