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Mortgage advisers forecast almost no growth in business levels in Q1

Theo Osborn | 13:45 Friday 15th February 2019

Mortgage advisers expect business growth of only 0.1% in in Q1 2019, according to recent research.

The latest financial adviser and confidence tracking (FACT) index by Paragon Bank showed that 57% of advisers believed that Brexit had had a negative impact on demand for properties.

Some 56% said it had put downward pressure on house prices, while 44% reported a dampening effect on the availability of property.

John Heron, managing director of mortgages at Paragon Bank (pictured above), said: “Brexit uncertainty is causing a measurable slow down across the UK housing market as potential buyers and sellers adopt a ‘wait-and-see’ approach.

“As political negotiations move into the final phase, hopes are high for a workable solution and a much-anticipated Brexit bounce.”

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