The Council of Mortgage Lenders has data to show that mortgages for home movers was down 20% on what it was a year ago. Buy to let mortgages also fell due to tax changes and remortgage levels are at their highest since January 2009. The remortgage market is said to be strong due to home owners taking advantage of the Bank of Englands base rate cut to 0.25% after the Brexit vote, according to CML director general Paul Smee.
Mortgage data points to slowdown in UK housing market in October – The Guardian