Gross mortgage lending in March is estimated to have been £20.5bn

26 April 2018

Richard Pike, Phoebus Software sales and marketing director, says “This morning’s estimate for gross lending is encouraging compared to the drop in February.  It’s easy to look at the figures month by month and see that lending is down on the same month last year.  However, when you compare the first quarter of 2018 to 2017 lending is actually up 4%.  We are obviously nowhere near the dizzying heights of 2007/8, but in the grand scheme of things we are on a fairly even keel.  House purchase is the one element of the market that is proving difficult, but that is more likely down to supply than sentiment.”

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Debbie Staveley
Director and Owner,
bClear Communications

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