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Brian Brodie, CEO at Freedom Finance comments on today's BoE Money and Credit statistics PDF Print E-mail
Wednesday, 01 June 2016
Brian Brodie, CEO at Freedom Finance, the UK’S biggest loan broker, comments on the Bank of England Money and Credit statistics released today:  “The feelgood factor is evident in today’s lending figures from the Bank of England – consumers are clearly confident about borrowing when they need to. Consumer confidence, low interest rates and better credit availability are combining to create a positive environment for responsible lending.

“However, some customers are still not accessing the credit they need. Those people who fall outside the ‘perfect borrower’ criteria still need entry to the market and education about what’s available to them. Lenders can now adapt their systems and processes to suit the needs and circumstances of different types of borrowers, which should widen credit availability. Customers who may have struggled to receive credit previously, such as the self-employed or borrowers with an adverse credit history, should still be able to qualify for a loan in today’s marketplace.”

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