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Group operations director at Just Mortgages and Spicerhaart comments on the latest CML figures PDF Print E-mail
Thursday, 15 June 2017
John Phillips, group operations director at Just Mortgages and Spicerhaart says, “Once again first-time buyer activity is on the up, although the picture looks a lot less rosy for buy-to-let, highlighting the extent of the pre-election slowdown. However, in addition to competitive rates, mortgage product numbers have increased significantly which means more borrowers have an ideal combination of low costs and lots of choice. 

“On the whole, lending trends have remained reasonably consistent and more lenders are saying yes to first-time buyers. It is clear that rock bottom rates are continuing to support the market and are driving lending and this is why I do not think the current economy could withstand a hike in interest rates.”
 

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