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Commercial Credit News
|EU Referendum Result comments - Richard Adams, Stonebridge Group|
|Friday, 24 June 2016|
|Richard Adams, Managing Director of mortgage and protection network, Stonebridge Group said: “The uncertainty this Vote to Leave the EU delivers will undoubtedly affect the mortgage market. There are likely to be significant ramifications in terms of demand for purchasing property, and therefore securing a mortgage, at a time when demand has already dropped off. This will be further exacerbated depending on how the financial markets react, how lenders in turn react and in particular what might happen to rates in the future. Despite this uncertain future however I fundamentally believe that, both within our business and the advisory market at large, we have strong individuals and quality leaders who have very recent experience of a tough market, and pulling through hard times. We, and the market, will find a way but it is likely to take some time to travel through this tunnel and come out the other side.”|
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