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Commercial Credit News
|Comment on CML trends in lending for February|
|Thursday, 14 April 2016|
Richard Pike, Phoebus Software sales and marketing director, says “Today’s figures from the CML confirm that the housing market had a brisk start to the year. The figures not only show the highest amount of borrowing for house purchase since 2007, but an increase across the board on 2015. Last year the general election was held responsible for a slower start to the year as potential house purchase was put on hold in an uncertain political environment. This year we have been handed further reason for caution as the vote on whether to stay or leave the European Union approaches, which could also have an effect in the second quarter of 2016. There is much uncertainty as the ‘yes’ campaigners fight with the ‘stay’ advocates, and without clarity this may well cause the same kind of reticence until things are more certain.
“Nonetheless there is still an appetite in the market, I will be interested to see March’s figures and discover exactly how much of a rush there was to beat the stamp duty changes.”
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