Home-owners borrowed less in month after Brexit vote

16th September 2016

Home-owners borrowed £10.6bn in July, 13% less than they did in June, according to the Council of Mortgage Lenders (CML), which shows the total number of loans fell by 14% to 58,100 in the first full month since the Brexit vote. First-time buyers borrowed a total of £4.4bn in July, with 28,200 mortgages taken out – a 19% month-on-month drop-off. Lending to home movers, at £6.2bn, fell 9% compared with June and 16% compared with July 2015.

The Daily Telegraph (15/09/2016