CCR Magazine

Subscribe Here
You are here  :Home arrow News arrow Borrowers expect better mortgage deals as a result of Brexit, Freedom Finance reveals
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
Borrowers expect better mortgage deals as a result of Brexit, Freedom Finance reveals PDF Print E-mail
Tuesday, 22 November 2016
A new survey from Freedom Finance, the leading loan platform, has revealed the UK’s decision to leave the European Union has had little effect on UK borrowers’ financial outlook.  Almost half (43%) of all respondents believe that market uncertainty would enable them to negotiate a better mortgage deal. 

When asked whether Brexit impacted their borrowing decisions, more than two thirds of respondents (68%) said they didn’t expect to make any changes over the next two years and would continue to borrow as usual. Only 12% believed that borrowing would pose a risk in the current economic climate.

Borrowers’ confidence extended to other areas as well. Of the 99 respondents who took part in the survey, over three quarters (77%) felt that Brexit will not affect UK job security, as they are confident that the EU will still trade with the UK.

Just under half of the respondents (48%) stated that if the pound stays low it might impact petrol prices, but due to constant variations in prices, were not concerned about any relative changes. Only a minority were worried about the weaker pound making imports more expensive (30%); employers cutting pay, leading to reduced spending power (9%); and the price of everyday groceries rising (12%).

Jeff Poole, Managing Director of Freedom Consumer Finance, commented: “Changes in job security and everyday expenses like bills and groceries can have a big impact on an individual’s life and financial decisions, especially for those who are considering buying a home or taking out a loan for a car. It’s therefore very positive to see that so many consumers are feeling confident about life after Brexit. By using soft search loan sites or speaking to an intermediary, borrowers can be sure that they are getting the best rates and products for their particular needs – not just now, but also in the future.”
 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

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

CSA

subscriptions

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
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197