April valuation activity strong despite shortened working month

Published on

Connells Survey and Valuation says there were 24% more residential mortgage valuations in April than a year ago.

This is despite April being shortened working month due to Easter and the royal wedding.

The valuations market recorded its busiest April since 2007. As a result of the annual increase, residential mortgage valuation activity has now risen year-on-year for five successive months.

However, April recorded an overall drop in the number of valuations conducted compared to March. Valuation activity dipped by 14% month-on-month, although much of this was directly due to the shorter working days in April, five (14%) fewer than in March.

Colin Dorman, business development director of Connells Survey and Valuation, said: “April tends to be a trickier month for the housing market with the onset of Easter and the sheer number of bank holidays reducing the volume of buyers hitting the streets and looking to move. In spite of the added distraction of the royal wedding and a month-on-month drop in remortgaging

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...

FCA finds protection market delivering good outcomes, says TPFG

The Property Franchise Group PLC (TPFG) has responded to the publication of the Financial...

Conditional selling remains industry flashpoint as enforcement lags

Conditional selling remains one of the most persistent and contentious issues facing the UK...

Latest publication

Other news

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...