UK Finance Trends in Lending

12 December 2018

Richard Pike, Phoebus Software sales and marketing director, says “The number of remortgages in October is indicative of the upward trend we have seen over the last few months.  As we know many deals were coming to an end and the cautiousness around Brexit is making people look closely at their finances to see where they can find longer-term stability.  The number of long-term fixes has increased throughout the year, and there are plenty of great deals across the market.  Until we have some sort of a resolution regarding our exit from the EU this trend for remortgaging, rather than moving up the ladder, is likely to continue.

“However, once we know what is happening after the first quarter next year I am sure the market will start moving as people come to the realisation that we just have to get on with it, no matter what.  There will be no more reason for the caution we have seen this year.”

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Debbie Staveley
Director and Owner,
bClear Communications

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+44 (0)1275 542 511

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