CCR Magazine

You are here  :Home arrow News arrow Comment from John Phillips, Spicer Haart and Just Mortgages, on the referendum result
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines


Commercial Credit News

  • FSB on weak Scottish jobs figures
    Official figures published today show that Scottish unemployment grew between December and February. Further, Scottish employment also fell over the… More


Comment from John Phillips, Spicer Haart and Just Mortgages, on the referendum result PDF Print E-mail
Friday, 24 June 2016
John Phillips, group operations director at Spicer Haart and Just Mortgages, says “It will be an interesting time over the next few days, I expect people to panic like mad and then things will calm down again.  Similarly there will be a slight economic slow down while people decide how things will affect them and then it will pick up again after a brief period of adjustment. 

“The mortgage market had been racing away again reminiscent of pre-2007, but then slowed down a little bit in the couple of months building up to the referendum back to more normal levels and I think that this is what we will stay at until the end of the year. In some ways this is a positive for the housing market as it will bring more normality back to the market. We still have a chronic shortage of houses so I don’t think that house prices will drop or that people will stop buying or selling. What we still need it for house builders to up their level of building again, although this may stay depressed for a little while to come.

“The beauty trade wise is that in the next two years we have the best of both worlds, we will still be in the EU but we will also be able to start trading freely with the rest of the world. There are already calls for referenda in other EU countries, so in the next two years the EU is likely to look like a very different place.”

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online


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.

Subscribe to CCR Magazine

CCR World Magazine


Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road

Registered in England No: 05483197