UK Finance Trends in Lending

19 February 2019

Phoebus Software sales and marketing director Richard Pike added: “There are some positive figures in today’s UK Finance release. 2018 had its highs and lows, but it’s no surprise that the biggest winners were first-time-buyers. Help-to-buy has undoubtedly been the catalyst for this increase, and will surely continue to help more first-time-buyers this year.

“With inflation now below the government target and GDP falling there are a few clouds surrounding our economy. If interest rates remain at their current level, and looking at recent form, it is reasonable to predict that equity release will remain strong in 2019 as an alternative to downsizing, but also as a way for the bank of mum and dad to help their offspring onto the property ladder.”

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Debbie Staveley
Director and Owner,
bClear Communications

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