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Commercial Credit News
|Comment from David Copland at TMA on the CML gross lending figures this morning|
|Friday, 23 October 2015|
|David Copland, director of TMA, said: “There is a significant uplift in the Q3 figures as the corresponding quarter in 2014 took into account the changes brought on by the mortgage market review, an 12% increase is pretty significant. It will be interesting to see how these figures breakdown by way of residential and buy-to-let. The CML figures for August were showing a 27% market share in residential remortgages compared with 58% in buy to let, why is that? It could well be that we are seeing that the process of remortgaging has got harder for residential borrowers whereas it is still relatively easy for buy-to-let landlords.”|
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