The rate house prices are rising has slowed ahead of the EU Referendum with greater uncertainty expected from the Brexit vote.
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There has been a 20% fall in demand for new-build homes and interest in the London housing market due to the EU Referendum.
Uncertainty created with Brexit could see house prices fall by 5% and decreasing swap rates may produce better mortgage deals.
Homeowners borrowed £8.2 billion for the month to April 2016 down £5.4 billion or 40% after a significant rise in mortgage activity last month.
Strong growth in house prices for London up 14.5% for the year with higher prices for the South East of England and mixed UK results.
Demand from buyers has reduced at the fastest rate in eight years according to the latest report from property surveyors RICs.
The court of appeal rules against West Bromwich for raising tracker mortgage interest rates, in favour of the buy-to-let landlord customers.
Proposals in the government’s Digital Economy Bill intend to make switching a mortgage deal for homeowners possible within a week.
Homeowners borrowed £13.8 billion in March an increase of £5.1 billion and the highest monthly amount since August 2007.
London’s new Mayor Sadiq Khan has outlined plans to quadruple the number of affordable new-build homes in the capital.