UK Finance Lending Trends for September -
Richard Pike, Phoebus Software sales and marketing director, says “When we see figures like those issued by UK Finance today it is hard not to be at least a little encouraged. However, the truth is that as much as the numbers for house purchases, homemovers and remortages are positive, we do have to take heed of the fact that the buy-to-let sector is still suffering.
Mortgage approvals up 3.2% in August -
Richard Pike, sales and marketing director at Phoebus Software, commented: “Overall, although the full market figures were lower than 2018, August showed some resilience in mortgage lending, especially lending from high street banks. This perhaps shows that many borrowers are creatures of habit and prefer to stick to the high street than shop around for better deals elsewhere.