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Comment on UK Finance (CML) trends in lending for June from Richard Pike PDF Print E-mail
Tuesday, 15 August 2017
Richard Pike, Phoebus Software sales and marketing director, says “It appears that the government plans to get more first-time-buyers onto the property ladder are starting to bear fruit.  Activity in this area of the market reached its highest level since November 2006, with 36,000 purchases in the month.  However, where there are winners there are also losers and the buy-to-let market continues to suffer from the same government intervention.  Nonetheless, it is encouraging, given the recent political upheaval, to see people moving again.  

“There is plenty of talk about the government’s plans to ‘fix’ the broken housing market and perhaps we are starting to see a shift. The one thing that does seem to be happening is a halt in excessive house price rises, which must be a good thing for long term affordability.”

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