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Comment on BoE gross lending figures from Richard Pike, Phoebus Software PDF Print E-mail
Monday, 29 June 2015
Commenting on today’s Bank of England (BoE) lending figures for May, Richard Pike, sales and marketing director, Phoebus Software, says:

“The increase in approval levels for both purchase and remortgage compared to the previous six months average shows continued consumer confidence following the election at the beginning of May.  It appears that lenders are becoming more eager to lend and rates have never been more competitive.  

"It is encouraging to see remortgage levels increasing year on year, a positive for the whole of market and maybe a turning point for people that have been caught in a mortgage trap since MMR came into effect.  This has to be a healthy sign and long may that continue.”

(Source - Phoebus Software Comment)


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