AppId is over the quota AppId is over the quota The UK mortgage market is growing at its slowest annual rate in two years, according to the latest Housing Market Activity Report by Connells Survey & Valuation. While the total number of residential valuations conducted during June rose by 16%, on an annual basis this represented an increase of just 2%, the slowest annual growth since July 2010. Although first time buyer numbers climbed by 19% during the month as the short term effects of the stamp duty deadline rush dissipated, there were 1% fewer than a year ago, pointing to the historically difficult conditions for many would be buyers. ‘Despite making a short term improvement after the post stamp duty lull, there are signs that the mortgage market is tightening. The eurozone crisis has dampened banks’ ability to lend, while the double dip recession is taking its toll on buyer finances,’ said John Bagshaw, corporate services director of Connells Survey & Valuation. ‘Much rests on the

AppId is over the quota AppId is over the quota The UK mortgage market is growing at its slowest annual rate in two years, according to the latest Housing Market Activity Report by Connells Survey & Valuation. While the total number of residential valuations conducted during June rose by 16%, on an annual basis this represented an increase of just 2%, the slowest annual growth since July 2010. Although first time buyer numbers climbed by 19% during the month as the short term effects of the stamp duty deadline rush dissipated, there were 1% fewer than a year ago, pointing to the historically difficult conditions for many would be buyers. ‘Despite making a short term improvement after the post stamp duty lull, there are signs that the mortgage market is tightening. The eurozone crisis has dampened banks’ ability to lend, while the double dip recession is taking its toll on buyer finances,’ said John Bagshaw, corporate services director of Connells Survey & Valuation. ‘Much rests on the

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