We are looking at a pretty healthy picture - Comment on the Bank of England money & credit figures for May from Richard Pike at Phoebus Software

01 July 2022

Richard Pike, Phoebus Software sales and marketing director, says “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.”