UK Finance Lending Trends in January

14 March 2019

Richard Pike, Phoebus Software sales and marketing director, says “The turmoil in government is undoubtedly having a huge effect on every aspect of our economy and general confidence.  However, the mortgage market is keeping its head above water with first-time buyers once again showing an increase on the same month in 2018.  It is also reassuring to see an increase in the number of homemover mortgages.

Who knows what the next week will bring, and how long the Brexit cloud will continue to hang over the country, but in the meantime the Chancellor did offer a little hope in the spring statement yesterday.  He might not have delivered a statement with any real substance, as some might have hoped for, it was exactly as promised – a statement on the health of the economy and an update on the announcements made since the last budget. The small ray of hope that did come out of yesterday’s speech was that, despite Brexit upheaval, there is still a lot going on the background to help us reach our targets for building new homes.  It may not sound like much right now, and it would be all too easy to live only in the present until we know what kind of a deal we will get, but it is good to know that government departments haven’t taken their eye off the ball and are still looking to the future.  Our housing market needs all the help it can get in the long term.”

 

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Debbie Staveley
Director and Owner,
bClear Communications

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