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Comment on UK Finance trends in lending for August from Richard Pike at Phoebus Software PDF Print E-mail
Thursday, 12 October 2017
Richard Pike, Phoebus Software sales and marketing director, says “It seems that continued low interest rates coupled with the threat of a likely rate rise are fueling the market.  Although there are reports of hesitancy in the Capital the rest of the UK’s housing market is doing better than many could have anticipated before we started the Brexit negotiations.  

“Of course this could be short-lived if, as is predicted, the MPC vote for an increase at the beginning of November. For the moment at least there is definitely an air of making hay while the sun shines, which presents opportunities for both brokers and borrowers who act quickly.”

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