CCR Magazine

You are here  :Home arrow News arrow Comment on today's CML trends in lending
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines


Commercial Credit News


Comment on today's CML trends in lending PDF Print E-mail
Monday, 18 July 2016
Richard Pike, Phoebus Software sales and marketing director, says “Looking back at the lending figures for May shows that, as we headed towards the EU referendum, the housing market was overall healthier than it was a year ago.  Remortgage activity showed healthy increases on 2015 as borrowers continue to take advantage of low rates.  Whilst the number of first time buyers entering the market increased especially, which seems to show that the Chancellor’s plans were starting to bear fruit.  However, as we turn the corner into a more unsettled period it is anyone’s guess how the market will fare in the second half of the year.  Construction, which was showing positive signs before the vote to leave the EU is likely to be affected as the pound weakens, which could have a more long term effect on the amount of affordable housing coming onto the market.  Effectively putting a lid on further growth within the FTB sphere. 

“There is also speculation regarding house prices, will they fall? Or will oversees investors, seeing the opportunity of more bang for their buck, increase demand and push prices up further? As always only time will tell, but we are certainly in for an changeable few months, especially given the political events of the past two weeks. What we need is stability, so it will be very interesting to see how the Bank of England plans to help steady the ship”

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