UK Finance Figures

13 November 2018

Richard Pike at Phoebus Software, had this to say: “We have seen a downward curve with mortgage transactions falling month on month across the board. Unfortunately, this was always going to be the case the closer we get to the final Brexit deadline. According to the Bank of England household sentiment is fairly buoyant as wage growth rises above inflation. However, when it comes to the wider economy most people are much less confident as we wait in limbo for the outcome of Brexit negotiations. The brakes have definitely been applied with regards to purchasing and once again our industry will be relying on remortgages to keep its head above water.

At the risk of sounding like a broken record, we are in for a rocky few months. Until we know what kind of a deal we will secure with the EU it is safe to say that people will remain cautious and that is likely to be reflected in the number of property sales.”

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Debbie Staveley
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bClear Communications

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