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Comment on CML Trends in lending for September PDF Print E-mail
Thursday, 12 November 2015

Paul Hunt, Phoebus Software managing director, says “Now that we have confirmed figures from the CML this morning we have a clear picture of the market in the third quarter and an upward path is evident.  The number of first time buyers making it onto the property ladder is a good sign, but as house prices continue to rise even with the Help-to-Buy scheme this may be something that is short lived if they once again get priced out of the market.

“Buy-to-let is again showing good growth, but as has been pointed out, it remains below pre-crisis levels and is fourth on the list of lending types. It appears that despite the Bank of England making a point of keeping a watchful eye and other industry experts worrying about the rise in buy-to-let this sector still has a way to go before it can really be considered a problem to the overall housing market.”

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