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John Phillips at Just Mortgages and Spicerhaart comments on the hung Parliament PDF Print E-mail
Friday, 09 June 2017
John Phillips, group operations director at Just Mortgages and Spicerhaart says, “On reflection, I think the housing market has proved to be pretty resilient, all things considered. This is particularly true in terms of the last year and a half, with the Scottish referendum, the snap general election and Brexit. Although the mortgage market has reported a slight slowdown in the last couple of weeks in the run up to the election, this was to be expected, and now that the great British public has spoken, we must once again keep calm and carry on. 

“Some buyers and sellers have recently adopted the wait and see approach and it is likely that the market will quieten down again next week while things start to settle down. However, as things start to unravel, I am hopeful that the market will soon get back to the norm. We must also remember that housing demand is still outstripping supply, people still want to own their own homes and lenders are still cutting interest rates. Ultimately it is these strong fundamentals that will continue to underpin the market.”
 
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