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Brexit uncertainty continues to underpin mortgage market

Pent-up demand has built within property markets in recent months as political uncertainty has grown.

Doubts surrounding Brexit mean some buyers and sellers are awaiting more clarity before acting.

The same is true of lenders. Many are waiting for greater political certainty in order to lend money that has been earmarked to take advantage of what they believe will be an upswing in transactions once Brexit uncertainty recedes.

What this underlines is how mortgage lenders, and not just UK-based institutions, are continuing to bet on the long-term health of the UK property market.

We mentioned in January that the decline in sales volumes meant lenders had become more competitive and it was a good time for borrowers to act. This remains the case today. If you would like to review your borrowing options or have any questions about the mortgage market, please get in touch.

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Disclaimer

Mortgage Advice. The choice of interest rate and product terms will depend on your circumstances and the amount of the mortgage. Before you make a mortgage application, we will carry out a full review to establish your needs and preferences and if you meet the criteria, we will give advice and make a recommendation to you. We do charge a fee for mortgage advice. All mortgages are subject to status. Please note that all products show an indicative rate only and may not be suitable for you. You must be 18 or over.

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Knight Frank Finance LLP is a limited liability partnership registered in England and Wales with registered number OC322399. The principal office of Knight Frank Finance LLP is situated at 55 Baker Street, London W1U 8AN. Knight Frank Finance LLP is authorised and regulated by the Financial Conduct Authority under Financial Services Register number 459093.