Phoebus Software comments on the Bank of England money and credit figures

Richard Pike, Sales and Marketing Director at Phoebus Software, comments on the Bank of England money and credit figures.

“Mortgage activity appears to be bucking expectations following the recent interest rate rises.  It would be easy to think that all the news of inflation and soaring prices would make many think twice about moving or buying, but for the time being that does not appear to be the case. 

“There is still plenty of demand to buy and sell but there will come a time, if the MPC continues on its path of raising interest rates to curb inflation, when worries over finances may affect confidence.  For now though, with plenty of lender appetite and competitive rates, we are looking at a pretty healthy picture.”

Kindly shared by Phoebus Software

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