Mortgage broker, surveyor and estate agent LSL Property Services warned the Bank of England’s most recent interest rises have led to a “material” slowdown in a previously resilient mortgage market, as it said profits for the second half of the year will be “significantly” lower than previously thought.
The business, which owns estate agent Reeds Rains, surveyor e.surv and a number of brokers, said its broker and surveyor arms had “continued to demonstrate resilience and agility” for the first half of the year.
