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Commercial Credit News
|Comment on BoE gross lending|
|Tuesday, 05 January 2016|
Richard Pike, Phoebus Software sales and marketing director, says “The Bank of England’s data today confirms, as estimated by the CML in December, that despite the large pick up in approvals in October, there are few signs of a slowing market. As we head into the new year this is a positive sign for the housing market and the economy as a whole. It will be interesting to see what the figures reveal for December, but going on recent activity, and reports from the intermediary market, there was little in the way of a dip before Christmas.”
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