Nick Maud, lead analyst at Connells Group, said: “Our data shows that the number of applicants across Great Britain rose by 11 per cent year-on-year in April, with particularly strong activity in the North West and East of England.
“This points towards a certain resilience in the market, particularly among more motivated first-time buyers and second-steppers, despite ongoing volatility on the world stage.
“However, professional sentiment can often be a precursor to observable trends.
“As the conflict in Iran continues to impinge on the cost of debt, the average mortgage rate has sat above five per cent for over a month.
“If this situation persists or deteriorates, we may expect to see a softening in applicant levels over the coming months.”
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