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AvoidDebt

CML: Jan 2017

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https://www.cml.org.uk/news/press-releases/january-2017-monthly-lending-trends/

Paul Smee, director general of the CML, commented:

January gives the impression of a flattish market overall, albeit one with a resurgent remortgage sector. We expect a seasonal dip in activity in the winter months and this appears to be the case in January. However, the lull in moving activity appears stubbornly persistent, and we have commissioned research on the reasons why the number of transactions seems in secular decline.

Buy-to-let house purchase activity continues to be weak, despite strong buy-to-let remortgage levels. This will likely remain so going forward as lenders tighten affordability criteria ahead of the PRA mandated stress tests, and the introduction of tax changes in April. 

Chart 2: Number of loans for buy-to-let

20170307-january-lending-press-release-chart-2.gif

 

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