UK Finance figures: May 2018

16 July 2018

Phoebus Software sales and marketing director Richard Pike says “Looking at the figures for May it is important to remember that many of the mortgages completed would have been agreed up to three months before. In February, we were being warned by the Bank of England to expect a rate rise sooner rather than later, which gave many people the impetus to ensure a lower rate by remortgaging.

However the increase in homemover loans  would indicate that measures to help first-time buyers is having an effect further up the property ladder". 

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Debbie Staveley
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bClear Communications

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