27/Jul/2016
After the tax rises in April, and June's leave Europe vote, house prices are still struggling, with the number of house buys much lower than this time last year.
There is an increase in mortgage lending, but this relates to home owners borrowing to make improvement on existing homes while the interest rates are low, rather than new purchases.
Purchases have rose this month for the first time since October, but are still a good 10% lower than this time last year.
One of the contributory factors was the tax rise, which caused banks to decrease the amount that they lent.
Although it seems mortgage companies and banks where a little skittish after the result of the referendum, lending does appear to be going slowly up, and interest rates are likely to increase a little in anticipation of
Although the numbers support a gradual up rise in confidence with the banks likely to slightly increase the interest rates full technical and analytical information won't really show its meaning until the autumn.