Richard Pike, Phoebus Software sales and marketing director, says “The figures from UK Finance this morning show that people were taking the opportunity at the end of last year to get in before the effects of Brexit negotiations could really be felt. There were plenty of good deals for everyone either looking to move, buy or remortgage, and the numbers indicate that many took advantage.
“Now, of course, we come to the crux of negotiations, and into completely unknown territory. Today’s report from RICS paints a very gloomy picture and I have no doubt that most people will be erring on the side of caution in the coming months. The one thing to bear in mind is that ours is not the only industry that will be affected by Brexit. It was always going to be a sticky time, the question now is will our government actually manage to come to an arrangement that, as Theresa May says, can ‘get the job done’?
“Until such time, I think many will be sitting tight rather than making any big financial decisions.”