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Comment on CML trends in lending for March from Richard Pike at Phoebus Software PDF Print E-mail
Wednesday, 17 May 2017
Richard Pike, Phoebus Software sales and marketing director, says “We would normally be looking at the mortgage lending figures with an eye on the future; what do the current trends indicate might happen in the coming months?  However, as a country we are in something of an economic flux with the general election just a couple of weeks away.  The figures for March show a steady market, but how that will change when we see the figures for April and May is up for debate. 

“Generally speaking, it would take a huge drop in confidence for the appetite to go out of the market when rates are as tempting as they are at the moment. The opportunities are still there for the remortgage sector, so perhaps we will see a continuing steady picture. However, a lot could change depending on the outcome after the vote on 8th June and Brexit negotiations become the focus once again.”

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