Brexit vote spikes overseas buyers enquiries, says broker

Mortgage enquiries from overseas buyers are up 50 per cent since the Brexit decision, reports the mortgages division of one of the world’s largest independent financial advisory organisations.

deVere Mortgages, part of deVere Group, affirmed the uptick was a direct result of the outcome which has given some clarity to potential buyers who were putting off mortgage enquiries before the vote.

Mike Coady, Managing Director of deVere Mortgages, attributed this to the house prices slowdown in recent months, the plummeting of the pound and sellers taking lower offers.

The company reported most enquiries had come from British expats and nationals from the UAE, Quatar and other parts of the Middle East.