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Commercial Credit News
|Comment on CML gross lending estimate for June|
|Thursday, 21 July 2016|
Richard Pike, Phoebus Software sales and marketing director, says “The one thing to remember when you look at the mortgage figures is that many of the completed transactions we’re talking about in June were almost certainly part of a process that was started in March or April, after David Cameron announced the referendum. This would suggest that despite the impending vote people were looking to get in before the result and any consequent economic changes.
“As has been proven recently, no matter how good our past experience and our opinion polls may be, predicting the future is a something of a fool’s errand. We are all looking into a future that few predicted, which has ultimately made things a lot more interesting, especially with a new prime minister and cabinet. Let’s see what Theresa May, Philip Hammond, Gavin Barwell, et al can do with the hand they’ve been dealt.”
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