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Commercial Credit News
|Comment on BoE November mortgage approval from Richard Pike|
|Wednesday, 04 January 2017|
|Richard Pike, Phoebus Software sales and marketing director, says “Good news at the beginning of the year comes from the Bank of England in the form of increased approvals towards the end of 2016. There still appears to be an appetite to buy or remortgage despite all the uncertainty that has come over the last year. As we head into a new year, and further changes come into effect for buy-to-let, it is difficult to predict how the overall market may be affected. Nevertheless the consistent low interest rates and new deals from lenders is likely to keep the rest of the market buoyant, at least until March when the next wave of economic uncertainty comes in the form of Article 50.”|
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