CCR Magazine

You are here  :Home arrow News arrow Target Group reacts to latest CML lending figures
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines


Commercial Credit News


Target Group reacts to latest CML lending figures PDF Print E-mail
Monday, 18 July 2016
Ian Larkin, Co-Group CEO of Target Group responds to the latest CML monthly lending trends data:  "It's pleasing to see that the market regained some balance in May as the huge spike in lending driven by buy-to-let activity in March and the subsequent dip in April has evened out to a steady 8% growth year on year. It seems this has been driven largely by lending to first-time-buyers.  While this is clearly positive news, the really pressing question for lenders now is what next following the Brexit vote? The market  is not likely to see double digit growth in the near future following the unprecedented uncertainty unleashed by the vote to leave the EU and the economic headwinds that seem likely to emerge."

"Added to this, all indications are Mark Carney and the Bank of England will cut interest rates imminently and so margins for lenders will be squeezed even lower at a time when rates are already close to rock bottom and competition is intensifying between traditional lenders, challenger banks, specialist lenders and alternative finance providers. In this uncertain and intensely competitive marketplace, lenders will need to work even harder to source and keep the right kinds of borrowers, and as a result, service and cost efficiency will be key to ensuring growth continues. Equally, I expect many lenders to look to their existing customers and potential re-financing opportunities to try to keep lending volumes closer to the targets they will have forecast at the beginning of the year. A move that will make a customer-centric approach and better customer information even more crucial."

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