The Bank of England's governor is warning future mortgage borrowers who buy homes that "conditions will be difficult" as a result of economic volatility following the Brexit vote.
"If you are taking out a mortgage, at some stage, during the life of that mortgage, conditions will be difficult. So you want to be sure, as a household or an individual, that you can repay that mortgage - you don't want to lose your house or flat" he says.
Carney also says future interest rate changes may be downwards - which in theory would be good news for would-be buyers - but he also warns buyers to avoid high levels of debt.
Giving the Bank of England's six-monthly Financial Stability Report, the governor says banks will temporarily not have to set aside more capital because Brexit's economic risks are already "materialising". This releases £150 billion for lending, starting straight away.
"It means that three-quarters of UK banks, accounting for 90 per cent of the stock of UK lending, will immediately - immediately - have greater flexibility to supply credit to UK households and firms" says BoE governor Mark Carney, but he warns that this should be called upon only if further uncertainty grips the economy.
Meanwhile there have been more warnings over the market within the property industry.
Alistair Jeffery, executive chairman at Bluestone Group - a mortgage lender - says house price growth is "likely to moderate, particularly in London and the South East, reflecting the markedly lower consumer sentiment, weaker levels of inward investment, and potentially the first signs of voluntary repatriation of EU nationals".
ESPC, the group of selling agents in east central Scotland, says the week after the referendum saw an immediate slowdown in Home Report requests - the first step before someone puts their property up for sale north of the border.
In the last three months prior to the EU referendum, sales volumes were down by 5.6 per cent across east central Scotland compared to the same period last year.
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