Land Registry completions near 1.6m

Sarah Davidson

August 21, 2015

The south east topped the table of regional applications with 363,829 while Birmingham topped the table of local authority applications with 24,398.

Richard Sexton, director of e.surv chartered surveyors, said: “Election uncertainty is falling away, and the stream of buyers who held back from a purchase in the run up to May are spilling over into the summer.

“Lending levels are being bolstered by a strong remortgage sector, as buyers seek out the cheaper fixed rate deals before they start to disappear.

“This is set against a wider backdrop of rising wages, healthy house price growth and low inflation. These three variables have all contributed to strong forwards momentum, particularly among home movers and remortgagors.

“However, there may be less encouraging news ahead. More recently, lending to borrowers with smaller deposits has started falling away.

“To keep the bottom of the market engaged, a clear decision on the base rate would be useful in reassuring buyers that a rate rise will be slow and steady.”

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