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|CML trends in lending figures - Comment from Phoebus Software|
|Tuesday, 17 March 2015|
Richard Pike, Phoebus Software sales and marketing director, commenting on today’s Council of Mortgage Lenders (CML) figures, said: “The CML’s latest figures on the characteristics of UK lending in January have echoed the overall picture reported in February and by the Bank of England earlier this month.
“However, one positive is the increase in remortgaging. After months bubbling along with little increase or decrease this is an encouraging change. The market has settled into the MMR regime and we are seeing the intermediated sector increase, with more lenders working with intermediaries. These latest figures are perhaps evidence that these intermediaries are working with existing clients to get them a better deal, while rates remain low.”
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