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|Comment on Bank of England gross lending in April from Phoebus Software|
|Tuesday, 02 June 2015|
Richard Pike, Phoebus Software sales and marketing director, commenting on this morning’s BoE gross lending statistics, says: “After a few months of a fairly stagnant market the figures announced this morning by the Bank of England, showing a 10% increase in month on month approvals, are very encouraging.
“Many predicted the lull before the election but it appears as though there were other factors that encouraged people to move or get onto the property ladder even before election uncertainty was removed. With all things considered: stamp duty, help-to-buy, low interest rates, higher LTV’s and lenders once again willing to lend; the market is ripe for growth. If further predictions for the year are to be believed then we are now in for a more buoyant period, which seems most likely.”
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