BoE Gross Lending

30 March 2017

Richard Pike, sales and marketing director at Phoebus Software Limited says, “The fact that lending has dropped for the first time since August could indicate uncertainty due to many factors including Brexit and how it will affect the economy. Lending is still fundamentally strong, but in an environment  of uncertainty both in the UK and more globally, it will be interesting how these factors transpire into lending figures. Consumer sentiment will inevitably go up and down and so a take up of longer term fixed rates can be expected. Ultimately the underlying trend will be an upward one, as demand for people to buy housing or re-mortgage to secure a rate is met.”

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