The building society claimed that this would be due to the increased confidence in the property market following the recent general election.
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Peter Owen, head of property development at Saffron Building Society, said: “We have started to notice the upturn at Saffron Building Society.
“Our partners have told us that developers are starting to feel more confident, which over the coming weeks and months will hopefully lead to an increase in lending applications, as buyers take advantage of the improving conditions.”