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|Comment on the CML lending figures for November - Jonathan Sealey, Hope Capital|
|Tuesday, 17 January 2017|
Jonathan Sealey, CEO of Hope Capital says, “The increase in remortgaging in November compared to the same month in 2015 suggests that the low interest rate environment is leading to a focus on this area of the market. There is no doubt that the March stampede for buy-to-let last year impacted purchases, with a slowdown in housing transactions in the following months. Brokers will therefore continue to focus on remortgages and product transfers, and this is unlikely to change anytime soon.
“Brexit will undoubtedly continue to impact the market and although lending may fall slightly, I am confident that interest rates will continue to encourage homeowners to remortgage and this will support the overall lending figure throughout 2017.”
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