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Phoebus comments on this mornings CML’s stats PDF Print E-mail
Tuesday, 11 August 2015

Commenting on today’s Council of Mortgage Lenders (CML) lending figures for June, Paul Hunt, Phoebus Software managing director, says: “In April 2008, remortgage activity accounted for 62% of all mortgages (BBA). 

“The uplift in remortgage activity in June, although welcome, is still well below previous levels at 32%, so there is definitely the potential for further increases in this part of the market. 

"The inevitability of the first raft of interest rate rises, predicted for early 2016, could be the catalyst that will urge homeowners to look now at their current mortgage deals and seek some longer term security before rates begin to rise.  It is definitely the sector within the mortgage market to watch in the coming months.”

(Source - Phoebus Comment)


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