FSE London: Mortgage market remains resiliant
The mortgage market remains resiliant despite Brexit uncertainty, according to experts taking part in a panel debate at FSE London.
‘The Big Lender Debate’ featured Adrian Moloney of OneSavings Bank, Jeremy Duncombe of Accord, Chris Pearson of HSBC, Andrew Dean of Nationwide and Esther Dijkstra of Lloyds Bank.
The panel discussed a variety of issues, one of which being the status of the mortgage market in times of political uncertainty.
Resiliance was the message across the board, however Dijkstra argued that the impact on individuals should not be underestimated.
Dijkstra added that from the wider housing market perspective, builders will also feel the pressure of Brexit.
Moloney argued that despite this resilient market, the fact that a deal is yet to be decided causes a lack of clarity which once found will help with decision making in an era of “really low rates”.
The panel was speaking at today’s Financial Services Expo (FSE) London at Old Billingsgate.