UK Finance Trends in Lending for March

16 May 2018

Richard Pike, Phoebus Software sales and marketing director, says “When UK Finance released the estimate for March mortgage lending it said there was a rising trend in the mortgage approvals in the first quarter of 2018.  The figures have now been confirmed and, in all honesty, even if the levels are lower than this time last year anything that shows upward growth has to be a good thing.  Put into perspective, especially with the GDP forecast being downgraded, any small part of the economy that is managing to keep its head above water has to be considered pretty healthy.

“We have at least another month at the current bank rate, and more than likely for some months to come, which should see remortgage activity rise again as borrowers feel they have more time to take advantage of low rates.”

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Debbie Staveley
Director and Owner,
bClear Communications

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+44 (0)1275 542 511

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