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Hope Capital's Jonathan Sealey comments on the CML's figures PDF Print E-mail
Wednesday, 17 May 2017
Jonathan Sealey, CEO of Hope Capital, says, “It is clear that as well as remortgage activity which is up in terms of both value and volume, demand from first-time buyers is continuing to drive the housing market, with many using low interest rates to get onto the property ladder. In fact, more first-time buyers bought a home in 2016 than in any year since 2007. This highlights how these buyers are keeping the housing market solid, and each transaction has an impact further up the chain and is also helping to drive levels of housebuilding. 

“On a seasonally adjusted basis, home mover, first-time buyer, buy-to-let and remortgage activity have all remained relatively unchanged. However, given current political and economic factors that the country is continuing to face, it will be interesting to see how the elected government will look to give long-term certainly to both first-time buyers and the housebuilding industry. Due to the current deals on the market and the low interest rate environment, it is likely that this will keep momentum up and activity will remain stable as we head into the summer months.”
 

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