Latest News Headlines
Commercial Credit News
|Comment on the CML gross lending estimate for December|
|Thursday, 21 January 2016|
Richard Pike, Phoebus Software sales and marketing director, says “The estimate for lending in December this morning has given us a total for 2015 in line with the CML’s original estimate for the year, which goes to show the higher level of activity in the second half was beyond most expectations. There was of course the increased activity around the time the governor of the Bank of England warned of early interest rates, which manifested itself in October’s peak, but every month showed an increase on 2014.
“The interest will be in what happens next; the world economy is shaky to say the least and with UK inflation remaining low, we are more than likely looking at a longer period of low interest rates then was intimated last year. This may be good for the housing market with more people taking advantage, especially as they come to the end of higher fixed rates. We all know that supply is a problem for many, but we could see a healthier remortgage market and of course a surge in buy-to-let in the first quarter before new rules kick in.”
Forums International Ltd
Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.
Find out more here.
The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.
CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.
As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.
Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.
GTS Media Ltd
81 Cambridge Road
Registered in England No: 05483197