- Mark Harris, chief executive of mortgage broker SPF Private Clients
The number of approved mortgages fell to 26.3 thousand in June from 29.6 thousand the previous month, said the British Banker's Association (BBA) on Tuesday. Mortgage market was affected by the Diamond Jubilee celebrations, Euro 2012 [football tournament], and the wet weather.
"The ongoing eurozone crisis, which has stepped up a level in the past week, will continue to undermine consumer confidence and encourage buyers and sellers to sit on their hands until there is significant improvement," said Mark Harris, chief executive of mortgage broker SPF Private Clients.
"Any recovery in the housing market remains a long way off."
"Paying off loans or overdrafts and building up deposits is the current consumer ambition," said David Dooks, BBA statistics director.
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